Monday, February 8, 2010
Economic development zones in many parts of China are taking up farmland. Experts cite that millions of farmers are losing their lands in the recent real estate boom. However, farmers in China have developed a new strategy to get more for their property.
The farmers are given compensation for their land after assessing the size of the house on the property. For better profits, the farmers are setting up large flimsy buildings without proper foundations.
According to Wen Tiejun, Head of the School of Agricultural Economics and Rural Development at Renmin University in Beijing, even though the practice is illegal; many farmers continue to do it. The practice would be put to an end only if corruption in real estate business is curbed.



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