What is the purpose of the No. 11 Decree?

What is the purpose of the No. 11 Decree?

In China, the State is the only owner of the land and citizens can only purchase the right to use land. The greatest obstacle to improving the real-estate market in China is excessive government influence. The purpose of the No. 11 Decree is to require fair play in real estate reform and to help reduce the current inequalities caused by corruption.

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