Wahaha Chairman Tops Forbes Rich List

CDT previously reported on the Hurun rich list and the effect of the widening wealth gap in China. Forbes has released a report naming China’s 100 Richest individuals. Coinciding with the Hurun rich list,Wahaha founder and...

China Bank Raises Mortgage Interest Rate – AP

From AP via Yahoo News: China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes in a move aimed at countering property speculation that is driving up prices. The widely expected moves were announced in notices seen Friday on the central bank’s Web site. Authorities have […]

Illegal Land Use Poses Major Threat – Sun Xiaohua

From China Daily: Illegal land acquisition is posing a grave threat to the country’s diminishing arable land, a senior land official warned Monday. Improper land use also hurts farmers’ interests and threatens social stability, Gan Zangchun, deputy State land inspector-general of the Ministry of Land and Resources, said. “Violations of land laws and regulations have […]

Property policy to deter overseas speculators

From China Daily via Xinhua: The Chinese government continues to rein in overseas speculators in the country’s property market, as it is now requiring foreigners to get approval before they send funds out of the country that were earned from selling houses. According to a circular on management over foreign investment in China’s housing sector, […]

People’s Daily: Fears rise over property bubble

From People’s Daily Online: China’s real estate market seemed to have got into a strange position in 2004, as the central government issued a series of policies to cool down the sector, but housing prices continued to rise throughout the year. This surprising double-digit year-on-year growth may have delighted developers, but made experts fear a […]

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