For new mayor of China’s hi-tech hub, soaring property prices may be first item on agenda

Source: South China Morning PostFormer vice-governor of the southern Chinese province of Guangdong Qin Weizhong has been named as mayor of Shenzhen, China’s hi-tech hub.Qin, a former energy industry worker, was likely to focus on curbing the city’s soaring property prices and land shortages, analysts said.The 49-year-old was appointed to the role in an acting capacity by the standing committee of the Shenzhen People’s Congress on Sunday, the Shenzhen Special Zone Daily reported. He is expected to be confirmed in the job when…Read More

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