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Analysis: China’s mandarins face 25% pay cut as ‘alchemy’ fades

Posted in futurism

Local governments can no longer sell land rights for easy cash.


Katsuji Nakazawa is a Tokyo-based senior staff writer and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.

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