China’s top statistics bureau has suggested barring land-hoarding developers from entering future plot auctions to help curb the country’s overheating real estate industry.
The advice came after the bureau reported last week that investment in the mainland real-estate market jumped 31.4 percent in the first 10 months of this year from 2006 to 1.92 trillion yuan (259 billion U.S. dollars).
The 31.4-percent growth outpaced the 30.3-percent growth in the first nine months and the 29-percent growth through August.
Developers which are …