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Friday, November 11, 2011

China auctions island to developer

China auctions island to developer BEIJING, Nov. 12 (UPI) -- China, seeking to encourage use of its uninhabited islands, auctioned Dayangyu off the northeast coast to a developer planning a high-end yacht resort. Ningbo Gaobao Investment Co. Ltd. agreed to pay $3.2 million to control ... China auctions island to developer

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