BEIJING -- China is formulating a set of property control measures that will have long-lasting effects, and will unveil the measures at an appropriate time, an official said Tuesday. "The country's opposition to real estate speculation will not change," Ning Jizhe, deputy head of the National Development and Reform Commission and head of the National Bureau of Statistics (NBS), said at a press conference. He did not give any timetable for the release of the new measures. Late last year, China made it clear that "houses are built to be inhabited, not for speculation," according to a document issued after the central economic work conference. This year, local governments have taken new measures to rein in speculation and promote stable and healthy development of the real estate market, including tougher restrictions on home purchases and obtaining loans. "Current property curbs will continue to play their roles," Ning said. In the past few years, first-tier and some second-tier cities took effective measures to rein in rocketing home prices, while smaller cities moved to reduce their housing inventories, he added. Property sales continued to cool in the first eight months of this year, NBS data showed. In terms of floor area, commercial housing sales gained 12.7 percent, down 1.3 percentage points from January-July. Meanwhile, the area of unsold commercial housing stood at 623.5 million square meters at the end of August, down by 12 percent from a year earlier. the wristband factoryflash drive wristbandglow in the dark wristbands ukballer bandsfestival wristbands for salerubber wristbands custom cheap
Sun Zhengcai, the former secretary of Chongqing Municipal Committee of the Communist Party of China, has been placed under investigation on suspicion of accepting bribes, according to the Supreme People's Procuratorate on Monday.According to the procuratorate, Sun has been placed under coercive measures, which may include summons by force, bail, residential surveillance, detention and arrest.The investigation is underway, the procuratorate said in a statement released on Monday.In July, the CPC Central Commission for Discipline Inspection launched an investigation into Sun for serious violations of Party discipline.The CCDI said in a news release that Sun betrayed Party principles and ignored the Party code of conduct and rules.He was found to have seriously violated the CPC's eight-point code on frugality and maintaining close ties with the masses, seeking pomp, ostentation and privileges, according to the CCDI.The CCDI said he was guilty of nepotism and seeking benefits in selection of officials. He was found by the CCDI to have leaked confidential Party information and seriously breached Party rules on integrity.Moreover, he abused power and used his job to gain benefits for others, then accepted their huge bribes in return, either paid in cash or properties, the CCDI said. He was found to seek substantial benefits for his relatives' businesses and accepted valuable gifts, the CCDI said.The anti-graft inspectors also accused Sun of bureaucracy and sloth in work and degradation and power-for-sex trades, according to the CCDI.Sun totally deviated from the Party spirit and political requirements of senior officials, the CCDI said in the statement, adding that his misconduct betrayed the trust of the CPC Central Committee and the public, inflicting huge harm to the Party and the country with extremely bad social influences.The CCDI transferred the criminal evidence involving his case to judicial authorities for further investigation.In September, the Political Bureau of the CPC Central Committee expelled Sun from the Party and dismissed him from public office.China Daily - Xinhua
