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Why can Kunming City Investment Property become a state-owned enterprise?

On a large scale. Yunnan Chengtou, a state-owned enterprise, was established in Yunnan Province on April 2 1 97. Is a modern enterprise with urban construction investment as its main business. Its actual controller is Yunnan Development and Investment Co., Ltd., a large state-owned enterprise directly under the Yunnan Provincial People's Government. The company is mainly engaged in primary land development, property services and real estate sales.