How a Request from SASAC Fell on the Deaf Ears of Property Developers
(Beijing) – In early 2010 the central government enacted policies to cool the real estate market. While the curbs have, to some extent, had their intended effect, government-controlled companies that should be busy with other business have prospered in property.
In January, eight commercial plots were sold in Beijing, and the buyers were either central government-controlled companies or state-owned enterprises (SOEs), data from Yahao Real Estate Selling & Consulting Solution Agency shows. Last year 37 residential plots were sold in the capital, and central government-controlled firms and SOEs bought 24.
- In Thursday's Papers: Dongguan Sees Slower Growth after Sex Trade Crackdown, Another China Resources Executive Investigated for Graft
- The 'Ifs' that Could Prevent Tragedies in Regulators' Offices
- Tencent's Deal for SK Entertainment Firm Has Star Potential, Investor Says
- Slashing Sand
- All (European) Politics Is National
- Northwestern Chinese City Counts Cost of Major Water Pollution Scandal
- Privilege Gap
- In Wednesday's Papers: Shenzhen Police Raid Offices of Video Streaming Firm, Gov'ts Made 4.2 Tln Yuan on Land Sales in 2013
- Does U.S. electric car maker Tesla Motors have a bright future in China?
- Budget Law Revision Proposes Letting Local Gov'ts Issue Bonds
- Sign up to receive our free daily newsletter
- The Long Goodbye
- Officials in Shanxi Scramble to Sort out Steelmaker's Debt Mess
- How Telecom Graft in China Tripped Up Telstra
- Shiller: What We Can Learn from Past Crises
- Jack Ma's 6.5 Bln Yuan Bachelor Party
- Stephen Roach: China, U.S. Headed in Opposite Directions
- Detective Work by Group in 'Black Jail' Claim Leads to Trial
- Graft Inquiry at CNPC Uncovers Shady Deal Involving Productive Oil Block
- The Search for the Chinese Workers Who Helped Build America
- P2P Lenders Heading into Dangerous Waters, Critics Say