Source: Information Market News, Page 1

Date: Friday, November 03, 95

From: DailyNews@asiainfo.com

BEIJING, Nov.3, Asiainfo Services, Inc. -- Shen Jiangzhong, deputy director of the Real Estate Bureau of the Ministry of Construction of China, has recently revealed that critical adjustments will be made in the trade of real estate.

The Ministry of Construction will formulate industrial policies for real estate and take measures to enhance the development of real estate in China. It is reported that in the next five years the residential development ratio will be around 17%, and by the year 2000, the urbanization ratio will change from the present 28% to 35%.