Government and Policy
China issues rules to prevent officials meddling in real estate
(Xinhua)
Updated: 2010-05-18 08:08
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BEIJING - China's disciplinary watchdog has released a set of rules outlining punishment for Party members in leading positions meddling in the real estate industry, in an effort to uproot corruption in the field.
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Such acts include meddling in projects' decision-making process, public bidding and approval of transfer of land use.
The construction sector is susceptible to corruption. Many officials have stepped down after being caught colluding with business owners and real estate developers.
