Shenzhen is to hold its first land auction in more than five years. On May 20, the city will auction two lots, one residential and one commercial, covering a total of 50,818 square metres, according to Xinhua (the New China News Agency).Wednesday, 29 April, 1998, 12:00am
Fuzhou, the capital of Fujian province, will stop diverting land for non-agricultural purposes, particularly the real-estate sector, according to official reports.
City land administration bureau officials said the move was part of a national drive to protect arable land and check on farmland used by real estate businesses, Xinhua (the New China News Agency) reported.13 Aug 1997 - 12:00am
The private sector in Shanghai is booming with 62,000 firms and an aggregate registered capital of 32.1 billion yuan (about HK$29.84 billion), Xinhua (the New China News Agency) reported yesterday. The report said the number of firms was 26 times more than in 1991 while the total registered capital had grown more than 100 times from US$290 million in 1992.22 Jul 1997 - 12:00am
Anhui province is encouraging its debt-ridden state-owned enterprises to set up service companies to employ their laid-off workers.
To prevent social unrest, companies have been ordered to continue workers' insurance schemes even after they find another job.26 Jun 1997 - 12:00am
Former military cadres transferred to civilian work must not be rejected by local government units and enterprises, Beijing authorities said.
A joint notice released by the State Council General Office and the Central Military Commission General Office ordered all provincial governments to find jobs for former military cadres transferred to civilian work.17 Apr 1997 - 12:00am
Guangdong province has promulgated a set of rules to standardise the performance of newly-built houses and apartments in urban areas once they are put up for sale on the open market.9 Apr 1997 - 12:00am
Yunnan Dali Paper Manufacturing Co has issued 15.78 million A shares to raise 59 million yuan (about HK$55.09 million) for expansion projects.
The shares were priced at 3.75 yuan each, Xinhua (the New China News Agency) said yesterday.20 Feb 1997 - 12:00am
China's glass industry faces up to two years of sluggish sales as excessive supply continues.
Xinhua (the New China News Agency) said sheet glass output rose 15 per cent last year, increasing the production glut, while sales remained weak.11 Feb 1997 - 12:00am
China has finally obtained all the foreign loans it needs for construction of an underground rail system in Guangzhou.
The GBP540,000 (about HK$6.94 million) contract to import fans for the city's subway system had been signed recently with General Electric Co, Xinhua (the New China News Agency) reported.23 Jan 1997 - 12:00am
The Shenyang Beizhan Trading and Banking Development Zone has plans for 60 high-rise buildings.
The buildings would have a combined floor area of 32.3 million square feet and would be built over 10 years, Xinhua (the New China News Agency) said.18 Sep 1996 - 12:00am