Source:
https://scmp.com/article/704175/alarm-beijing-plan-punish-developers-who-leave-land-idle

Alarm at Beijing plan to punish developers who leave land idle

Property developers have reacted with alarm to reports that Beijing plans to enforce a nationwide crackdown on developers found guilty of leaving sites idle for speculative land banking purposes.

'The government will strictly crack down on any illegal use of land and hoarding of sites meant for development to resell the land for profit,' Yun Xiaosu, deputy minister of Land and Resources, said last week.