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BEIJING, Jan 2 Asia Pulse - The editor-in-chief of China Daily, along with peers of 16 Beijing-based media organizations and nine economists, select China's top 10 economic news stories for 2005.
A series of macro-control measures on the over-heating real estate market
The Standing Committee of the State Council on April 27 put forward eight tough measures on macro-control of property markets. In two weeks, seven ministries, including the Ministry of Construction, issued proposals for stabilizing housing prices. On June 1, the government unveiled further policies to collect a tax of 5 per cent on the full earnings of all home sales if the property is sold within two years of being purchased. Soaring house prices have shown signs of slowing down.
Non-tradable share reform
On April 29, the China Securities Regulatory Commission issued a document to begin trials on floating non-tradable shares. Currently more than 300 domestic-listed companies are involved in the reform.
Bird flu found in 11 provinces
The first case of bird flu was found in Qinghai in May. By December 14, 30 cases of the fatal H5N1 strain of the virus was reported in 11 provinces and five people were infected. But the control of bird flu has seen initial success and 23 affected areas have been able to ease their restrictions on preventing the spread.