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: 精品国产高清在线看国产 | 欧美一区二区不卡视频 | 91精品一区二区三区在线观看 | 久久国产影院 | 91网站国产| 中国女人毛片 | 国产理论最新国产精品视频 | 午夜宅宅宅影院在线观看 | 88精品视频 | 男人的天堂免费 | 伊人55影院| 亚洲毛片免费在线观看 | 99视频九九精品视频在线观看 | 97超级碰碰碰免费公开在线观看 | foot国产女王脚视频 | 日韩久久久精品中文字幕 | 久久99国产精品视频 | 国产高清精品毛片基地 | 久久精品视频日本 | 亚洲欧洲日韩综合色天使不卡 | 99久久精品免费精品国产 | 一级一片一_级一片一 | 三级视频网站在线观看 | 伊人久久精品午夜 | 在线视频一区二区三区三区不卡 | 欧美成 人h版在线观看 | 手机看片久久青草福利盒子 | 亚洲精品国产第一区二区三区 | 国产性色 | 国产手机在线国内精品 | 亚州视频一区 | 国内精品福利视频 | 亚洲伊人久久综合影院2021 | 成人三级在线播放线观看 | 亚洲伊人成人 | 中文字幕亚洲精品 | 中文在线观看视频 | 欧美一级专区免费大片野外交 | 国产男女猛烈无遮档免费视频网站 | 性做爰片免费视频毛片中文i | 欧美一级片 在线播放 |