Land-transferring fees in seven.........>

CHINA PRESS: Land-transferring fees in seven cities, including Hangzhou, Ningbo

and Guangzhou, came in above CNY10 billion, with official data indicating the

highest levels in the month of April in history, reported China Securities

Journal. Hangzhou in particular recorded a land-transferring fee of CNY17.9

billion, 237% higher than April last year, the report said. However, Beijing did

not increase its land supplies in April, and the government only sold one piece

of land at the price of CNY3.3 billion, the report said. Shanghai also recorded

a lower land-transferring fee of CNY5.5 billion, 31.95% lower than that in

March, the report said.