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Home >> Business
UPDATED: 08:34, February 28, 2007
Chinese ministry orders idle military land to be put up for public auction
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Land sitting idle that is the property of China's military should be put up for public auction, China's Ministry of Land and Resources said on Tuesday.

The new rules of the transfer of unused military lands were jointly released by the Ministry of Land and Resources, the Ministry of Finance, and the People's Liberation Army General Logistics Department.

The idle military land was previously transferred through agreements outside the framework of local supervision.

Idle military land will now be included in the land supply plan of local governments, and the transfer to local land market will go to the highest bidder in an open tendering process.

The rules also require that the idle military land should first meet the demand of military units.

Source: Xinhua


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