Property Firms Ordered to Stop Passing Off Housing Developments as Theme Parks
China’s top economic planning body warned Wednesday against the rise of real estate developments disguised as theme park projects, reiterating earlier concerns about irresponsible investment in the growing theme park sector.
Authorities must strictly control land use and restrict the construction of residential buildings in the areas surrounding theme parks, National Development and Reform Commission (NDRC) spokesperson Meng Wei said at a routine news conference on Wednesday. Meng also called for greater controls on the debt that local governments can take on in order to support theme park projects.
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