China will reduce or stop issuing land for new residential housing projects in areas where there is a supply glut, the latest in a series of measures aimed at clearing a property overhang weighing on the economy.This looks like the closing of a barn door once the horses are gone. Cities with high prices, such as Beijing, are running out of prime land. Many third- and fourth-tier cities already have budget problems because land sales all but dried up in late 2014 and throughout 2015. How many cities have high inventory and robust land sales? According to reports such as 一线城市土地价涨四线城库存严重 开发商布局二、三线 from a month ago, the developers are concentrating on second- and third-tier cities. If there's any effect from this rule change, that is where it will be felt. No word on how cities are supposed to make up for lost revenue.
日本外务省发年度报告: 中朝俄是最严重威胁
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日本外务省日前发表了年度外交政策白皮书,指日本正面临着二战以来最严重和复杂的安全局势,挑战主要来自中国、朝鲜和 […]...
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