Across China: Hainan

Land development halted

China's southern island province of Hainan will suspend land leasing and development approval in a move to curb property speculation, the province's Party chief said.

Following a tourism promotion policy document issued by the central government earlier this month, real estate developers have flocked into the island, causing new property bubble concerns, Wei Liucheng, secretary of the Communist Party of China Hainan provincial committee, said at a meeting in Haikou.