Vice premier vows to rein in property prices
CHINA would not tolerate speculative buying in its red-hot property market and would keep up a slew measures to calm prices, Chinese Vice Premier Li Keqiang was quoted by State television as saying Tuesday.
Li also urged local governments to build up to 10 million units of affordable housing next year. China will unswervingly stick to the property control measures in 2011, Li said. Measures the government have taken in the past include restrictions on land sales, raising mortgage rates and tightening rules for tax exemptions on property sales. But despite official efforts to cool the house market, property prices in China have stayed stubbornly high, fuelling public discontent.
Minister: To continue property tightening
THE government would not relax curbs on property speculation in 2011 and would reinforce the implementation of measures to contain rising home prices, domestic media reported yesterday, quoting housing minister Jiang Weixin.
Officials attending the ministry s year-end work meeting admitted that it remains an arduous task to curb overly fast property price rises in 2011, Caijing magazine reported on its Web site.
Pudong woos leading overseas professionals
SHANGHAI S Pudong district, dubbed as China s Wall Street, planned to woo more outstanding professionals from overseas to help sharpen the zone s innovative edge, said a human resources official Tuesday.
Pudong planned to employ more than 900 overseas professionals within the next five to 10 years, said Zhuang Pinhua, director with Pudong s Human Resources and Social Security Bureau. Those to be employed include more than 100 professionals who were covered by the Thousand Talents funding program unveiled by the Central Government in late 2008 to attract leading overseas professionals to work in China, said Zhuang.
