Wandering China

An East/West pulse of China's fourth rise from down under.

China says land sales shoot up 70% in 2010 [China Daily]

China says land sales shoot up 70% in 2010
Source – China Daily, January 8, 2010

A man looks up at new buildings and others that are still under construction as he rides his bicycle in central Beijing December 8, 2010. Photo - Agencies

BEIJING – China says land sales shot up 70 percent last year as the country’s land and resources minister warned of social unrest among frustrated Chinese who can’t afford to buy a home.

Land and resources minister Xu Shaoshi says 2.7 trillion yuan ($470 billion) was spent on land transactions last year. His comments Friday were posted on the ministry’s website.

He said the land transactions had resulted in uneven benefits and social conflicts.

Authorities have been trying to cool China’s property market by discouraging investment buying that has helped drive prices out of reach for many city dwellers.


Filed under: China Daily, Culture, Domestic Growth, Economics, Environment, Finance, People, Population, Social

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 2,575 other followers

East/West headlines of Rising China

East/West headlines of Rising China

About Wandering China

Click to find out more about this project

Support //WC

Support Wandering China now - buy a Tee Shirt!

Be a champ - Support Wandering China - buy a Tee Shirt!

The East Wind Wave

China in images and infographics, by Wandering China

China in images and Infographics, by Wandering China

Wandering China: Facing west

Please click to access video

Travels in China's northwest and southwest

Wandering Taiwan

Wandering Taiwan: reflections of my travels in the democratic Republic of China

Wandering China, Resounding Deng Slideshow

Click here to view the Wandering China, Resounding Deng Slideshow

Slideshow reflection on Deng Xiaoping's UN General Assembly speech in 1974. Based on photos of my travels in China 2011.

East Asia Geographic Timelapse

Click here to view the East Asia Geographic Timelapse

A collaboration with my brother: Comparing East Asia's rural and urban landscapes through time-lapse photography.

Wandering Planets

Creative Commons License
Wandering China by Bob Tan is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Based on a work at Wanderingchina.org. Thank you for visiting //
web stats

Flag Counter

free counters
Online Marketing
Add blog to our directory.
%d bloggers like this: