News Headline Summary

China is tightening control on the way local governments manage their land reserves to ensure a sufficient land supply that is fairly allocated in the country

- Authorities will now limit the amount of land that local governments can hold and standardize the borrowing process of agencies that manage the local governments' land reserves, the Ministry of Land and Resources, the Ministry of Finance the People's Bank of China and the China Banking Regulatory Commission said in a joint statement .

Print 04:33, 16 Nov 2012 - Asian News - Source: Newswires