Editorial Board: We all have a stake in China’s real estate bubble
http://dervishcom.blogspot.com/2011/12/editorial-board-we-all-have-stake-in.html
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FOR MOST OF the past four months, the people of Wukan, a town of about 20,000 in Southern China, were in open revolt against the local Communist Party authorities. The uprising began as a protest against officials' decision to sell a village-owned pig farm to developers of luxury housing for $156 million, precious little of which wound up in the hands of townspeople. The protests intensified after a leader's death, which Wukan residents blamed on a severe beating from police. With local Communist officials ousted by the people, China's higher-ranking authorities were forced to negotiate.
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Source: http://feeds.washingtonpost.com/click.phdo?i=1c110db7d41f4cd6d84564cdb75a0d2f
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