China to regulate real estate projects in development zones
cctv.com 08-18-2003 14:21
The Chinese government has urged development zones and industrial parks across the nation to regulate land development projects to protect the legitimate rights of Chinese and overseas investors. The central government has launched an investigation into the zones and parks, and that investigation is likely to result in the closure of some of them as they were established without proper certification, expanded their land area without receiving necessary approval or contravened specified land use requirements.
The investigation comes in response to a surge in the number of cases of the misuse of land in recent years. According to the latest figures there were more than a hundred thousand such cases in the first six months of this year, involving a little over 39,000 hectares of land. Of those cases, 32 were subject to criminal law and 123 received administrative penalties.
鈥淭his is to regulate the activities in development zones and industrial parks, which could guarantee two initiatives, one is that local governments want to improve the economic development and create a good environment for further development of development zones and industrial parks and for more investment from overseas. The other is that the overseas investors want to find more opportunities for their business in China, The excessive development of land resources and a lack of order in the markets in those areas could block the development of the two initiatives,鈥 said Wang Xiaoguang, professor of Economic Institute of SDRC.
A report by the ministry of land and resources has revealed that in the country鈥檚 3837 development zones and industrial parks where total area actually exceeds that originally planned, only 1251 has received approval from the State Council and provincial government.
鈥淥n the other hand, I think, overseas investors want to strengthen their presence in China鈥檚 market, the things they are considering are not only the short-term preferential policies across the nation are almost the same in some way . They put the focus on the competitive advantage and a soft environment in these areas. So I think to regulate the activities in development zones and industrial parks, more focus should be put on the improvement of a soft environment, like human resource training. The better combination of those factors should help increase the investment confidence of oversea investors,鈥 said Wang Xiaoguang.
Professor Wang also believes that the preferential policies that provincial government could provide are not just for absorbing overseas capital, but also aim to guarantee the legitimate rights of investors based on a fair and legal administrative system.
Editor:Liu Baoyin Source:
