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(AFX UK Focus) 2010-03-18 14:02 China to order some state firms out of real estate

BEIJING, March 18 (Reuters) - China plans to order many of its largest state-owned enterprises out of the real estate business to help cool urban housing price rises, the Xinhua News Agency said on Thursday. The plan is a potential blow to many state-owned enterprises (SOEs) which rely on property investments to pad out their earnings.

(AFX UK Focus) 2010-03-18 14:02 China to order some state firms out of real estate

Eastday-State firms told to leave real estate

China has ordered all central government-controlled enterprises whose core business is not real estate to pull out of property development. It is the latest national initiative to try and rein in galloping real estate prices across the nation.

Eastday-State firms told to leave real estate

Jean Nouvel scraps plans for Paris skyscraper after failing to attract investors

The French architect Jean Nouvel has scrapped plans for a Paris skyscraper of nearly 100 storeys after failing to attract investors. Signal Tower was the key to rejuvenating La Défense, the business district, but the Spanish Medea group has pulled out of the £524 million project.

Jean Nouvel scraps plans for Paris skyscraper after failing to attract investors

China Tells State-Owned Firms to Speed Up Property Market Exit

March 18 (Bloomberg) -- Chinese companies owned by the central government should speed up plans to pull out of property development if it doesn’t form part of their main business, their watchdog said today amid complaints that private real- estate groups are being squeezed out of the market.

China Tells State-Owned Firms to Speed Up Property Market Exit

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