Cross-posted from Investing in Chinese Stocks.
CREIS’ 100 city survey recorded a 0.01% monthly decline in April as the first- and upper second-tier cities offset the falling third- and fourth-tier cities. The largest increase was in Baoding as speculators rushed in ahead of the developments announced on Wednesday. Overall, 39 cities saw price increases, 60 price decreases, and 1 flat.
Beijing-Tianjin-Hebei coordinated development guideline approved
The main task will be to transfer administrative functions from Beijing to neighboring areas and improve living conditions in the densely populated areas.
China will readjust the economic structure in the area to create new growth sectors and control Beijing’s population.
Priority will be given to traffic management, environmental protection energy security and industrial upgrades. Public services will be improved and the area will be made into a more comfortable environment for foreign enterprises to do business in. Innovation will be encouraged.
Growth is easy to achieve when the capital is trying to offload population and will move government workers to help the development along.
