A monopoly on registration and sale of required devices to shield buildings’ electrical systems from power surges has helped China’s local meteorological bureaus and their affiliated institutions rake in profit from registered real estate projects, South China Morning Post reported, citing local media. One developer of a 170,000 square meter building had to pay more than RMB600,000 (US$96,570) in total costs for so-called lightning arresters, and companies linked to the government charge more than RMB800 per arrester, compared with an open-market price of RMB160, according to a report on news portal QQ.com.
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