Local governments in China have taken the homes of at least 40 million people, selling that land to developers, in order to keep GDP growth figures well into the black.
Marketplace China Correspondent Rob Schmitz wraps up his year-long series about the people on a single street in Shanghai – Changle Lu, or The Street of Eternal Happiness. He revisits two people to find how they're achieving their 'Chinese dreams.'
Morgan Stanley is moving its showcase of Asian hedge funds to New York after the event was cancelled in Shanghai last week due to concerns over bird flu, according to Bloomberg News.
The story of Maggie Lane, a Shanghai land grab gone wrong. Forty million Chinese people have lost their homes to local governments, bent on boosting GDP. The incoming government of Xi Jinping may change that.