local governments

New Business

China state-backed developers give back land they acquired when property market was hot

From Vanke to China Resources Land, a number of state-backed developers on the mainland have unloaded land that they accumulated…

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New Business

China’s local governments urged to rethink approach to infrastructure investment

China must address a rising problem of overinvestment in large but inefficient projects that is more rooted in habitual practice…

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New Business

Chinese developers, cities tempt homebuyers with perks like private-jet shares, residency

From private jets to permanent residency in major cities, cash-strapped developers in mainland China are offering increasingly aggressive incentives to…

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New Business

China’s falling home prices slow descent slightly as decline extends to 14 months

Home prices across China suffered a 14th consecutive month of decline in July, a sign that authorities’ rescue package has…

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New Business

Opinion | The era of the entrepreneurial Chinese local government is over

Decentralisation of decision-making from the central government to local authorities is widely regarded as one of China’s most effective policy…

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New Business

China puts tax reform in sights as leaders mull government’s role in alleviating pressure

China’s new tax-reform plans decided at this week’s third plenum will focus on raising income for local governments, as well…

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