QUOTABLE

China Daily (Hong Kong) - - NATION | DIGEST -

“Our re­search sug­gests that the va­cancy rate for some cities’ prop­erty projects ranges from 40 to 60 per­cent. Be­sides Or­dos in the In­ner Mon­go­lia au­ton­o­mous re­gion, many other ‘ghost cities’ have emerged, even in ar­eas be­tween Bei­jing and Tian­jin.”

deputy di­rec­tor of the China Cen­ter for Ur­ban De­vel­op­ment un­der the National De­vel­op­ment and Re­form Com­mis­sion, is quoted by the Peo­ple’s Daily web­site as say­ing on Wed­nes­day that prop­erty sup­ply has out­paced de­mand in many places. The mass ur­ban­iza­tion drive by lo­cal gov­ern­ments has led to a large waste of land re­sources, Qiao told a fo­rum on ur­ban de­vel­op­ment, held in Yifeng county, Jiangxi prov­ince, on Tues­day.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.