This new series of bans, together with a recent restriction by the state-owned assets regulator, are aimed at state-owned companies that have helped push up asset prices. The 78 companies were banned from investing in property because property isn’t their core business. China is probably unique as a country that allows government departments to buy property not connected to their core function.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved