Unfortunately, most of the land still belongs to the government and will not be auctioned off at low prices.
A significant portion of the land will be allocated to Wanjiang Real Estate for development. This is, of course, part of the agreement between Wanjiang Group and the Bohai Dam construction project.
In the future, Wujiang Group will have two major mega-projects: the Bohai Dam and the Hongqi River Project.
To be honest, the pressure is a bit much.
It would be too difficult to do it entirely with one's own funds.
Therefore, Wujiang Group also used financial means to borrow money from banks, and the collateral was mostly land compensation and other policy-related operating privileges granted to Wujiang Group by the state.
2010 was a year of great change and upheaval in China.
The approval of the Bohai Dam and Hongqi River projects has had a huge impact.
Countless capital has poured into China's infrastructure industry, once again driving China's rapid economic development!
What's even more interesting is that many deserts in the Northwest have become highly sought-after, with countless real estate developers rushing to acquire them as land reserves for future commercial development.
This delighted the local government, who made a fortune by auctioning off the desert.
Wanjiang Real Estate and Yinhe Agriculture Company naturally participated enthusiastically, engaging in a buying spree.
Galaxy Agriculture Company, in particular, has made remarkable moves, acquiring the largest area of desert land, including a contiguous desert area of 600,000 hectares, or 6,000 square kilometers. If this desert is transformed into a farm in the future, it will become the world's largest farm, equivalent to the area of Shanghai…
(End of this chapter)
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