(FINANCIAL TIMES) - Officials in an economic backwater in central China have struck upon a novel way to boost the local property market: schools funded by developers that have earned a reputation for getting their students into the country's top universities.
Property sales in Hengshui, a city of 4.3 million in Hebei province, are soaring despite recent attempts by the central government to rein in both runaway property prices and China's booming private education sector.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
