On Apr. 27, several media in mainland China reported that Qingpu District in Shanghai successfully sold two residential land plots. China Merchants Shekou Industrial Zone Holdings won the bid on the two parcels to the north of Songze Avenue, Qingpu District, for $4.037 billion yuan ($571 million USD), with a floor price of $23,559 yuan ($3,335 USD) per square meter, a premium rate of 12.84%.
China Merchants Shekou Industrial Zone Holdings is a city development and operation flagship enterprise of China Merchants Group. It is also an important participant in China’s Belt and Road Initiative.
The video below takes place in a residential community on the north side of Songze Avenue in Shanghai. The residential community has 11 buildings, and police ordered a number of excavators to demolish the buildings. In an authoritarian state, citizens have no way to express their dissent. They can only watch their homes being torn down and record videos of their discontent.
M: I can’t even go back to my own house, really.
Lady: I’ll be here this afternoon to record how they demolish this building. I won’t even go to work.