The reddit user literally just completely made up the "to circumvent local government restriction" bit (and gets sent to the front page of r/all).
Whenever I see a post like this, I wonder if it was done by an individual or as part of a paid propaganda effort.
Link because I'm not a lib
Archive link in case it gets deleted
The sources literally linked by the OP:
Business Insider
The Guardian
I'd take being paid in gold bars to buy a house in China over the never being able to afford one in the US.
Actually, you need to pay the current property owner multiple times for the opportunity to have your offer considered.
To do otherwise is comulnizm