SHANGHAI: The Shanghai authorities vowed yesterday to crack down on bribery in land deals as a high-profile lawsuit alleging official corruption threatened to expose under-the-table transactions in China’s financial hub.
Backroom property deals, which analysts cite as a factor that sparked an official probe into the dealings of scandal-tainted Shanghai real estate mogul Zhou Zhengyi, are endemic in the city and much of the country, officials and industry executives say.
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