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Pan Shiyi Breaks Silence with Long Article, Exposing 30-Year Scam in China's Real Estate Industry

China

Pan Shiyi, the former real estate mogul of mainland China and founder of SOHO China, who has been absent from the public eye for over three years, has recently broken his silence by publishing a lengthy article titled "My Reflections." In this piece, he reveals a shocking truth: the Chinese real estate industry has, over the past thirty years, morphed into a complete "Ponzi scheme" under the joint efforts of the Communist Party authorities and real estate companies....

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