A joint development plan involving certain areas in Beijing, Tianjin and Hebei province is likely to trigger a reappraisal of land values, China Securities Journal reported Tuesday, citing some industry sources. Under the plan, Beijing’s Tongzhou district will become a sub-city center. Taihu town, envisioned to be an industrial base, is considering a change to its status after a spike in land prices. Universal Studios Beijing will be built in Tongzhou, the report said.
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