In the course of assembling land for his new pet project, he met a “nail house” sitting right in the middle of his proposed resort. It is hardly surprising to see such an incident in a capitalist society. Even in semi-capitalist China, the frequency of such events happening becomes higher by the day as inflowing money poured from all over into her real estate market. We have heard numerous stories of nail houses in Chongqing, Shanghai, Beijing and Shenzhen. “Nail house” originates from the Chinese term “dingzihu” (釘子戶), which means a household or person who refuses to vacate his home to make way for real estate development (literally it means like a nail which is hard to pull out).
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