China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (778)	9/20/2003 11:40:19 AM
From: RealMuLan	Read Replies (1) of 6370

China cracks down on graft in real estate It will target city planners and developers who force people to move without compensating them BEIJING - Corruption is a serious problem in China's real estate market with issues such as people being forced to move to make way for new developments fuelling social discontent, a senior government official has admitted. 'At present, there is indeed a great deal of corruption in real estate development, especially in the relocation of people and in city planning,' said Construction Vice-Minister Liu Zhifeng at a press conference on Thursday. Advertisement He blamed developers and local city government planners straitstimes.asia1.com.sg

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