Nie Zhenbang nodded, flipped through the documents, and read them very carefully. Gong Zheng's report was indeed focused on the real estate sector, where, according to prior accusations, there had been numerous issues in both the property development and the construction of affordable housing.
The main problems were concentrated in four areas: first, local governments providing land to real estate companies at below-market prices during the land acquisition process. Second, real estate companies maliciously driving up housing prices and causing sudden price surges during the sales phase of their properties. Third, there was evidence of cutting corners and using substandard materials in the construction of affordable housing. Fourth, there were suspicions of fraud in the allocation and sale of affordable housing.
At this point, Nie Zhenbang felt a headache coming on. These issues were very common across the country, occurring more or less everywhere.
