Expert Profile

Expert photo David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;   From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;   From 2002 to 2006, president of B&Q China, a subsidiary of King

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The Weight Of Property Investment In China抯 Economy
Property investment accounts for about 10 percent of China抯 gross domestic product and construction work consumes half of the nation抯 output of steel and 36 percent of the aluminum produced, JPMorgan estimates in a June 2010 report.
 

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China Sets Land Use Limits On Residential Housing And Coal Mine
Real Estate China 11/20/2009
China’s land ministry said it is imposing limits on how much land can be used for residential development, government offices and some industrial projects to support economic policy and curb overcapacity, reported Bloomberg.

Housing projects in small cities will be limited to no more than 7 hectares each, those in medium-sized cities to 14 hectares and large cities to 20 hectares, according to a statement posted on the Ministry of Land Resources Web site Tuesday. There were previously no size restrictions.

The ministry won’t grant land-use permission for new coal mines with annual output capacity of less than 1.2 million tons; the limit comes into effect after the government’s current five-year economic plan ends next year. Curbs apply to provinces including Shanxi, Inner Mongolia and Shaanxi, the report said.

New polysilicon projects won’t be granted land-use permits unless they have capacity of more than 3,000 metric tons a year and use fewer than 6 hectares per thousand tons of output.

Land-use curbs will also be imposed on dairy processing, textiles and construction materials the report said, without providing more details.
 

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