Ministry warns of threat from land price instability on November 7, 2016The government should be prepared for social instability from the nationwide land price bubble and the threat of a collapse, according to a report from the Land and Resources Ministry cited by Yicai. Land prices jumped 24.8% in the first nine months of the year, while the total area in the transactions fell 4.8%, the […]
China to start tracking non-resident assets held in country on October 30, 2016 The government plans to investigate holdings in the country by non-resident individuals and institutions by the end of 2017 to assess how many have assets in excess of 6 million yuan (US$900,000), Yangcheng Evening News reported on Saturday. The move is in preparation for China’s plan to introduce OECD-approved Common Reporting Standards, or […]