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BEIJING Women's Jason Sanders Jersey , Jan. 16 (Xinhua) -- China will allow non-real-estate enterprises and villages to build houses on the land they own to boost housing supply.
A total of 13 cities including Beijing, Shanghai, Nanjing, Hangzhou and Xiamen are pilot regions where villages can build rental houses on land under collective ownership, either by themselves or by partnering with others, according to the national land and resources work conference held Monday.
Rural housing land still belongs to the collective village entity and farmers will be allowed to use it for housing and other purposes, said land and resources minister Jiang Daming.
The decision is considered a major step in nurturing a sustainable property market as the government used to be the only legitimate supplier of land for housing purposes.
The houses should be used for living rather than investment, and urban residents will not be allowed to buy rural housing land, which is banned for extravagant apartments such as villas, Jiang said.
NANJING, Jan. 16 (Xinhua) -- Construction of a new high-speedrailway started Tuesday in east China's Jiangsu Province as part ofthe north-south coastal railway network.
The 157-km line links Yancheng with Nantong and will take fouryears to complete at a cost of 26 billion yuan (4 billion U.S.dollars), according to the provincial railway office.
Upon completion, it will cut the travel time between the twocities from about two hours to 40 minutes.
"The Yancheng-Nantong railway will boost the integrateddevelopment of the coastal region of Jiangsu and the Yangtze RiverDelta region," said Lan Shaomin, vice governor of Jiangsu.
Jiangsu is one of China's most developed provinces, while theYangtze River Delta is one of the country's economic powerhouses,covering Shanghai, and parts of Jiangsu, Zhejiang and Anhuiprovinces.
China's had 25,000 km of high-speed railway at the end of 2017,accounting for 66 percent of the world's total. Enditem
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