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Buyers may shoulder costs
(China Daily) Updated: 2006-11-25 09:12

Land use fees for building houses will be doubled next year, but it may be homebuyers that will shoulder the additional costs.


By launching the tightening policy, the central government aims to slow down investment by raising the cost of land use.

Related readings:

  • Experts doubts about new land fees

  • China to double land use fees

The new land use policy will take away part of the revenue obtained by local governments from land transfers. Under the new arrangement, the revenue will be shared among the provincial and central governments...Continue

 
China's Absorption of Foreign Investment

China
's absorption of foreign investment is an important content of China's fundamental principle of opening up to the outside world, and also an important component of Deng Xiaoping Theory, and is one of the great practices of building up socialist economy with Chinese characteristics. The Third Session of the Eleventh Central Committee of the Party in 1978 confirmed over again the ideological line of emancipating the mind and seeking truth from facts, and realized the historical transformation of key work for the entire Party. It also... Continue
 
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