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BizBeat Ep.28: Shanghai clamps down on buying homes with 'fake divorces'
02:12

In mid-January, Shanghai rolled out policies to curb the city's overheated housing market. One of them will prevent buyers from using divorces to purchase more properties. In Shanghai, each family is allowed to own two homes, but now residents cannot use "fake divorces" to try to buy more homes. Why this move? Here's CGTN's Song Yaotian with more insight.
 

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