The nation is set for a bumper grain harvest this year. Sun Zhengcai, the agriculture minister, expects the total yield to hit 500 million tons. The last milestone was in 1984, when the grain harvest surpassed 400 million tons. It reached 300 million tons in 1978.
Many of the city's small and medium-sized property developers are seeking to be merged or acquired due to a lack of capital and land reserves, after the government released tightening policies to cool down the market.
Peak season for the property market in this southern city neighboring Hong Kong is usually in the autumn months of September and October.
It's been a frustrating time for Zhu Qian. After nearly a month of waiting, her mortgage agent at China Construction Bank said she would have to pay a deposit of 40 percent and that the interest rate will be raised to 1.1 times the benchmark one-year lending rate.
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