This year, China will hasten the pace of housing reform, create a way to mitigate financial risk and control macro-leverage, and reorient financial services toward the real economy.
China spent 5.22 percent of its GDP on education in 2016, according to a report released by the Ministry of Education in September.
On September 11, a consortium of eight private firms led by Shanghai’s Fosun Group signed a public-private partnership (PPP) contract with the Zhejiang provincial government to build a high-speed railway linking Hangzhou, Shaoxing and Taizhou. S
As China’s cities expand, local governments first appropriate rural land – usually from village councils instead of individual villagers – and then transform the land title to urban. They then sell it to real estate developers for a ‘land grant fee’
To make renting more attractive for residents, the Chinese government needs to take a more systematic approach by providing an equally distributed network of public services
The lack of a centralized financial regulatory body often leads to over-regulation in some areas while a lack of coordination has left loopholes in others