No. 333, Sept 17(2)

China's "No.1 Granary" Cuts Production
Nation, page 9
Draught in Jilin province has adversely affected the autumn harvest in Yushu municipality, widely regarded as China's top granary. Farmers there share their hopes and hardships with Economic Observer.

Full article in English: //www.yunxiqiu.com/ens/Industry/2007/09/27/84353.html

Original Chinese article: //www.yunxiqiu.com/eobserve/eeo/jjgcb/2007/09/14/83189.html

Nanjing Second-Hand Property Soars Following Government Intervention
Nation, page 10
Government intervention meant to stabilize property prices in Nanjing has led to market chaos. While the prices of new residential properties are kept under a tight lid via "government-guided pricing" policy, the second-hand market has been left subject to rampant manipulation by intermediary agencies. Many home buyers are reportedly failing to obtain newly constructed units at developers' sales offices-- instead, these new units end up in the hands of intermediaries who are marking them off as second-hand property at jacked-up prices.
Chinese article online: //www.yunxiqiu.com/eobserve/eeo/jjgcb/2007/09/14/83192.html

Land Supply a Priority for Low-income Housing
Nation, page 13
Beijing has placed land use in the city under strict control and planning. The approved land supply for new construction projects in 2007 is limited to 3,500 hectares, of which, nearly half is meant for residential construction. The city also stated that 70 percent of the land allocated for housing projects must be use for building medium and low cost houses.
Chinese article online: //www.yunxiqiu.com/eobserve/eeo/jjgcb/2007/09/14/83194.html

Opinion: One-Off Yuan Re-evaluation Would Curb Excessive Circulation
Comments, page 15
Wang Zili, director of the People's Bank of China's Zhengzhou Training Institute, supports a sudden one-off re-evaluation of yuan to meet the overwhelming expectation of the currency to appreciate. He believes the move would quell speculation that has fueled a glut in capital inflows and excess liquidity.
Chinese article online: //www.yunxiqiu.com/eobserve/eeo/jjgcb/2007/09/14/83200.html

QFII Abandoning A-Share
Money & Investment, page 17
Qualified Foreign Institutional Investors (QFII) are abandoning what they see as a pricey and over-valued A-share market in China, opting instead for the more reasonable Hong Kong H-share stocks. Chinese article online: //www.yunxiqiu.com/eobserve/eeo/jjgcb/2007/09/14/83204.html