China: Limited construction to protect the environment

The Chinese government has said it plans to limit the construction of villas, golf courses and other luxury projects in an effort to protect the environment and prevent wasteful investment.

The above restrictions are on the list and objectives that an agency in the cabinet proposes to local officials to encourage prospective industries such as telecommunications and to limit wasteful business activities. energy and other resources.

Limit construction to contribute to environmental protection.In the photo: A neighborhood in Shanghai from above.

Speaking at the press conference, Liu Zhi, Chairman of the Industrial Policy Committee under the National Development and Reform Commission, said the construction restriction meant limiting "unclear investment" and environmental Protection.

Leaders are seeking to curb the construction boom that they fear could cause inflation to rise. At the same time, push China into a state of excesses of unnecessary shopping centers, lavish houses and other projects.

This will also be a threat for banks if construction plants cannot pay their debts.

In recent years, the Government has issued a series of prohibitions on golf courses, warning that they are wasting scarce water resources and farmland.