Related News
Mayor: Shanghai has 'no future' unless housing issue resolved
By Zhang Fengming |
January 21, 2011, Friday
|
Online Edition
Online Edition
Shanghai "will have no future" if the housing issue is not properly handled, Mayor Han Zheng said today.
Meanwhile, the minimum wage will increase at least 10 percent from April 1st, he said.
The mayor also said it's the right time to launch the international board at the Shanghai Stock Exchange.
The city is planning a property tax, a more accessible budget home system and more low-rental homes to cool off the runaway real estate industry, Han said at a press conference on the closing of the annual session of the Shanghai People's Congress and the Shanghai session of the Chinese People's Political Consultative Conference.
"The young generation is severely pinched by sky-high prices in the city," he said. "The city has no future if it loses the hearts of the generation."
"Shanghai is positively preparing to launch a property tax trial under the central government's guidance," Han said.
He didn't reveal any details about the property tax trial.
This year, Shanghai plans to change the criteria so that more people qualify for budget homes, Han said.
At present, locals with a monthly salary of less than 2,900 yuan (US$441), or average household assets of less than 90,000 yuan, qualify for budget homes in Shanghai.
The mayor reiterated the city's firm commitment to end housing speculation.
On the minimum wage issue, Han said the plan has not been finalized but he promised a more than 10 percent increase. The minimum wage is now 1,120 yuan per month.
Meanwhile, the minimum wage will increase at least 10 percent from April 1st, he said.
The mayor also said it's the right time to launch the international board at the Shanghai Stock Exchange.
The city is planning a property tax, a more accessible budget home system and more low-rental homes to cool off the runaway real estate industry, Han said at a press conference on the closing of the annual session of the Shanghai People's Congress and the Shanghai session of the Chinese People's Political Consultative Conference.
"The young generation is severely pinched by sky-high prices in the city," he said. "The city has no future if it loses the hearts of the generation."
"Shanghai is positively preparing to launch a property tax trial under the central government's guidance," Han said.
He didn't reveal any details about the property tax trial.
This year, Shanghai plans to change the criteria so that more people qualify for budget homes, Han said.
At present, locals with a monthly salary of less than 2,900 yuan (US$441), or average household assets of less than 90,000 yuan, qualify for budget homes in Shanghai.
The mayor reiterated the city's firm commitment to end housing speculation.
On the minimum wage issue, Han said the plan has not been finalized but he promised a more than 10 percent increase. The minimum wage is now 1,120 yuan per month.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
