China Economic ReviewThe Ministry of Construction ordered a stop to evictions of residents from state-owned land in a recent circular. The ministry said the move was aimed at slowing down investment in the property sector. The government cracked down on property lending, raising barriers against new construction-related loans earlier this year. Total loans in March amounted to […]
Shanghai property tycoon Zhou Zhengyi received a three-year prison sentence from Shanghai Number One Intermediate People's Court for document falsification and stock market fraud. Zhou, who in 2002 was ranked China's 11th richest man by Forbes magazine, was also ordered to pay fines totaling US$4.82 million for manipulating share prices and falsifying capital reports while […]
Organizers of the 2008 Beijing Olympics announced that two nongovernmental tenders for the National Tennis Center and the National Field Hockey Center would be open to bids from foreign firms. Both venues are planned to be built near the National Olympic Center in the city's northwest. The approved bidder will manage the two venues and […]
The inching open of China’s A-share market to a few Qualified Foreign Institutional Investors raises questions of the market’s value.
China announced the freezing of construction approval for land in 26 cities, including Beijing, after the cities failed to submit land use reports. The Ministry of Land and Resources, which regulates national land use, said 26 of 84 cities failed to report their use of land for the period between 1999-2004 before the central government's […]