久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

print edition
China Daily
HK edition
business weekly
Shanghai star
reports from China
web edition news
 
   
   
 
government info economic insights campus life Shanghai today metropolitan  
   
       
  Land banking not working for all
()
06/27/2003

The most successful land banking system story took place in Hangzhou, capital of Zhejiang Province, where the Hangzhou Public Land Banking Centre, set up in 1997, became the sole supplier of local land in the second half of 2000.

By the end of this January, the centre had purchased 204.3 hectares of land at 7.43 billion yuan (US$895.66 million), and the use rights for half of the land have already been sold for 6.91 billion yuan (US$832.5 million).

At the same time, average prices for commercial housing in Hangzhou rose from 2,700 yuan (US$ 325.30) per square metre in 1997 to 5,000 yuan (US$602.40) by the end of last year. A plot of land near the city's famous West Lake was even auctioned for 18 million yuan (US$2.17 million), or 27,000 yuan (US$3,250) per square metre.

Yet, similar centres in other cities are still not strong enough to influence the market.

The Shanghai Land Development Centre has purchased more than 200 hectares of land, but 500 to 600 hectares of land have been released onto the market for commercial use.

Beijing's centre bought six parcels of land by the end of last year, but only one has been sold while auctions of the rest failed - again, because developers can acquire land through other channels.

Besides, the land development centres might pose new financial risks, said Li Jinkui, a famous urban development researcher based in Shenzhen. Apart from coming up with a limited sum of start-up capital, all of the centres depend on bank loans to purchase land.

If land demand dips as a result of slow economic growth, the centres will create new bad loans, said Zhao Yanqing, a researcher with the Ministry of Construction.

At peak times, the Hangzhou centre alone borrowed 2.4 billion yuan (US$289 million) worth of loans.

And local governments' growing dependence on land transfer revenues also imposes a risk on fiscal balance. Hangzhou, for instance, raised one-quarter of its fiscal revenue from selling land use rights last year, and such revenue has been growing at 56 per cent annually in recent years.

China Daily news

(HK Edition 06/27/2003 page1)

   
       
               
         
               
   
 

| frontpage | nation | business | HK\Taiwan | snapshots | focus |
| governmentinfo | economic insights | campus life | Shanghai today | metropolitan |

   
 
 
   
 
 
  | Copyright 2000 By China Daily Hong Kong Edition. All rights reserved. |
| Email: cndyhked@chinadaily.com.cn | Fax: 25559103 | News: 25185107 | Subscription: 25185130 |
| Advertising: 25185128 | Price: HK$5 |
主站蜘蛛池模板: 一道本久久| 91精品成人 | 国产精品一国产精品免费 | 欧美精品在线一区二区三区 | 亚洲在线播放 | 国产成人免费视频 | 久久精品国产免费观看99 | 午夜性爽视频男人的天堂在线 | 国产成人aaa在线视频免费观看 | 国产欧美曰韩一区二区三区 | 久久国内精品自在自线观看 | 久久精品亚洲综合一品 | 久久久婷 | 久久久国产一区二区三区 | 香蕉521av网站永久地址 | 波多野在线播放 | 好叼操这里只有精品 | 看中国一级毛片 | 久草网视频在线观看 | 国产精品19p| 日韩美香港a一级毛片 | 亚洲aⅴ在线 | 色偷偷亚洲偷自拍 | 麻豆国产96在线 | 中国 | 国产欧美日韩视频免费61794 | 国产午夜精品久久理论片 | 日韩国产片 | 久久久久久99精品 | 美女操男人| 91大神在线精品视频一区 | 特黄特黄一级高清免费大片 | 一级白嫩美女毛片免费 | 全国男人的天堂网 | 欧美一区二区三区在线观看 | 亚洲午夜久久 | 亚洲深夜福利视频 | 深夜福利视频在线看免费 | 亚洲一区二区三区欧美 | 婷婷色九月综合激情丁香 | 欧美一区二区在线观看 | 久久久久久久久一次 |