This is the Kind of thing you expect to read about in Dickensian portraits of 19th-century capitalism.

Yangji village in the southeastern city of Guangzhou has reportedly existed for some 900 years.
As China’s economy exploded and the port city’s population ballooned to more than 12 million, real estate developers moved in and Yangji’s 4,000 residents found themselves facing eviction.

This is the part about socialism that no one talks about: that in the late phase of any socialist/communist state, the ruling oligarchy’s behavior is indistinguishable from that of a corporate/capitalist oligarchy of socialists’ fevered imaginations.