From the Chinese press

Realty rule good but won't end graft

The State Council, China's cabinet, has published the draft regulation on real estate registration, which says a uniform platform would be established to provide countrywide information on real estate. The news has prompted people to assume that housing prices will drop soon because government officials owning more than one house will sell them off to avoid investigation. But that is unlikely to happen because the establishment of the information platform is expected to encounter serious obstacles, says an article in Beijing Youth Daily. Excerpts:

According to the draft regulation, the Ministry of Land and Resources will have the sole registration authority for real estate. But since real estate is not restricted to apartments and villas and includes farmland and other landed property, the registration powers have to be divided among several departments.