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Global Property Developers Run Quicker in China.

Asia Africa Intelligence Wire

| July 12, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From SinoCast China Financial Watch)

SHANGHAI, June 02, SinoCast -- China's central government strengthens regulation over real estate industry, but surprisingly, foreign property developers are moving deeper into Mainland China's real estate market instead. Earlier this year, the State Council of China lifted up the ratio of real estate investment to self-owned capital from 20% to 35% and China Banking Regulatory Commission, the country's banking watchdog, took a number of measures to cut down loans in the real estate industry. Moreover, the State Council suspended approving of transferring farmland into construction use on April 30. All these moves just caught the …

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