Bei­jing fo­cuses on func­tions of cen­tral dis­tricts

China Daily (Canada) - - CHINA - By DU JUAN du­juan@chi­

Bei­jing said it will fo­cus more on po­lit­i­cal func­tions in the use of land as it banned new res­i­den­tial real es­tate projects in its core dis­tricts on Wed­nes­day.

Ex­cept for the re­build­ing of shan­ty­towns and old res­i­den­tial com­mu­ni­ties, the city will bar any new res­i­den­tial con­struc­tion projects in its Dongcheng and Xicheng dis­tricts, which lie at the cen­ter of the city, ac­cord­ing to a doc­u­ment re­leased by the Bei­jing Mu­nic­i­pal Com­mis­sion of De­vel­op­ment and Re­form.

In ad­di­tion, the author­ity will bar con­struc­tion of new ho­tels and com­mer­cial of­fice build­ings within the area bor­dered by the Fifth Ring Road on the north, west and east; and by the Fourth Ring Road on the south.

“The new pol­icy shows that the Bei­jing govern­ment has formed a clear de­vel­op­ment di­rec­tion — be­ing a cen­tral po­lit­i­cal area and lim­it­ing the busi­ness and res­i­den­tial func­tions in the cen­tral area,” said Yan Yue­jin, re­search di­rec­tor of the E-house China R&D In­sti­tute.

He pre­dicted that the govern­ment will pro­vide more land for res­i­den­tial build­ings in the sub­urbs. Mean­while, the ex­ist­ing res­i­den­tial projects in Dongcheng and Xicheng dis­tricts will be­come even more valu­able.

The land re­stric­tions for ho­tels and of­fice build­ings in the two cen­tral dis­tricts will lead to the quicker exit of in­dus­tries re­lated to tourism, shop­ping cen­ters and other com­mer­cial projects, Yan said.

“The lim­i­ta­tion in the cen­tral dis­tricts will boost the de­vel­op­ment of ho­tel and com­mer­cial of­fice build­ing projects in Chaoyang dis­trict, where a large num­ber of ho­tels and of­fice build­ings al­ready ex­ist,” Yan said. “The Dax­ing dis­trict, where Bei­jing’s new air­port is lo­cated, will also em­brace op­por­tu­ni­ties thanks to the new pol­icy.”

The com­mis­sion said the pur­pose of the ban is to help match in­vest­ment with func­tion in dif­fer­ent dis­tricts and to bet­ter in­te­grate in­dus­tries.

As of the end of Au­gust this year, Bei­jing had banned 20,300 ap­pli­ca­tions that were not aligned with the city’s de­vel­op­ment di­rec­tion. Half of the new com­pa­nies that have been regis­tered are in the science, tech­nol­ogy, cul­ture and in­for­ma­tion in­dus­tries.

Ac­cord­ing to the cen­tral govern­ment, Bei­jing is to be the po­lit­i­cal, cul­tural, in­ter­na­tional com­mu­ni­ca­tion and tech­nol­ogy in­no­va­tion cen­ter of China. The in­dus­tries that don’t go along with the func­tions will be re­moved grad­u­ally out of the cap­i­tal.

The doc­u­ment also clar­i­fied that Bei­jing will not al­low new golf cour­ses or ex­pan­sion of ex­ist­ing ones within the city. Within the Third Ring Road, new lo­gis­tics stor­age fa­cil­i­ties are also banned.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.