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Sharp Increases in Housing Prices Attributed to Dominance of State-Owned Enterprises
The state’s intervention in the market, China’s “invisible hand,” is putting pressure on private sector real estate developers, while encouraging a state monopoly in the real estate market. This leaves little hope for housing prices to fall, says China Youth Daily.
Tightening bank credit lines, coupled with the rejection of second offerings in the stock market, are dramatically narrowing the financing sources available to local real estate developers.
On the other hand, State-owned enterprises are expanding rapidly and their monopoly has become obvious.
China Youth Daily further suggests, “Obviously, when a monopoly exists, it will be much easier for the central government to reap benefits from this market. Therefore, falling housing prices, which is what people foresee, will never materialize.”
Source: China Youth Daily, September 21, 2010
http://zqb.cyol.com/content/2010-09/21/content_3416171.htm
Study Times: Internet Becoming a Tool for Party Building
Study Times,a weekly newspaper published by the Party School of the CCP, urges local Party branches to take on the challenge of using the Internet for Party building. The paper suggested that the Internet can be a tool for Party propaganda. For example, the Party branch in Tongxin County, Guizhou Province, invites Party members, wherever they are throughout the country, to have access to a training platform on a Party Building Website and to select the Party courses that would benefit them the most. The call is out for the Internet to become a “platform leading and influencing factor for mainstream ideology.” In Dongwan County, Guangdong Province, 12 online Party branches were established to track and connect Party members. Everyone is asked to participate in the online Party study program.
Source: Study Times, September 20, 2010
http://www.studytimes.com.cn:9999/epaper/xxsb/html/2010/09/20/01/01_26.htm
People’s Daily on China’s Strategy for Intellectuals
At the beginning of September 2010, People’s Daily published a series of articles on “China’s Strategy for Intellectuals.” On September 18, 2010, People’s Daily and the Research Center of “Three Represents,” which is attached to Remin University of China, co-sponsored a forum called “Revival of Great Power – Strategy for Intellectuals” to discuss the concept, values, features and standards of a “strategy for intellectuals.” Over 60 individuals attended the forum, including representatives of the History Research Center of the Party, the Party School of the Central Committee of the Communist Party, the China National School of Administration, the State Council Research Office and other State’s departments, as well as representatives of State media.
Source: People’s Daily, September 20, 2010
http://theory.people.com.cn/GB1279163.html