China plans to introduce a land price index in a bid to promote transparency in land transfer deals, a national meeting heard Tuesday in Hangzhou.
Li Yuan, deputy minister of Land and Resources, told the national land asset management meeting, held in this capital of east China's Zhejiang Province, that the Ministry of Land and Resources has started compiling such an index.
Addressing the meeting, the vice-minister said the central government will improve its macro-control of land prices, gather information on land prices across the country, and publish them in a timely manner.
(People's Daily December 11, 2001)
