Date
12 November 2018

Property database delay frustrates anti-graft drive, report says

China’s plan to establish a nationwide property database, once hailed as an antidote to corruption, has stalled amid resistance from local governments that illustrates the difficulty Beijing faces in fighting widespread graft, Reuters news agency reported Wednesday. The database will not only help authorities to control prices in the housing market but also force corrupt local officials to come clean about properties purchased using ill-gotten money, industry experts were quoted as saying. But, as the failure of the property database initiative to gain traction shows, top-down plans to root out graft can be stymied by entrenched interests at the local level, the report said.

– Contact HKEJ [email protected]

SK/CG

 

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