Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Shanghai fights real estate speculation
Adjust font size:

On September 26, Chen Qiwei, a spokesperson for the Shanghai municipal government, said Shanghai would more harshly compel real estate developers to launch their newly constructed commercial residential buildings onto the market. This measure is aimed at stopping the developers' speculative activities, which contribute to driving up the already high housing prices in Shanghai.

Chen said that by the end of this year there would be likely 4.5 million square meters of new houses that can meet the presale standards and all of them would be put onto the market.

In addition, Chen pointed out that Shanghai's real estate market is balanced overall, but recently the growing demands have boosted both the housing trade and the pressure of price hikes. Shanghai will enhance control and adjustment of the market to make the average commercial residential buildings available to ordinary citizens.

For details, please read the full story in Chinese. (

( September 27, 2007)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Real Estate Giants Amass Large Areas of Land
- Shanghai Acts over Greedy Property Developers
Most Viewed >>
-China set to hit the brakes on rising yuan
-Macao's gaming market expands further
-Snow's economic toll temporary: economist
-Power to resume shortly in worst-hit area by snow
-Online operators are on top of the game

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号