began large-scale lay-off

In late November of Erdos [14.26-0.90%] has been very cold, but the city is experiencing a real winter – frequent cases of loansharking, hundreds of under construction building in trouble, downtime, and debt collection, hiding place, developers and tycoons were treading on thin ice. However, speculation in Ordos property and usury in the outside world crisisWhen a heading, the China business reporter an exclusive was informed that the dongsheng district of Ordos city has been the implementation of the scheme amounted to $ 7.5 billion to $ 10 billion worth of "rescue" programme. This built on the "black gold" city of grassland on a steady stream of coal proceeds, revenue enough to withstand the annual rate of more than 30% "financial crisis". In the industryIt seems that it worked "," inject funds to resolve the current property and usury double crisis, dongsheng district of worked "" Ordos Government to rescue the city is also considered to be "the regional financial crisis" signal. The property market "halt" "or refund your money, check out either, so cannot be dragged, not the House we won't have to pay again. "On November 24, GuoWith a large 8 "Ordos square" Sales Office, Guo told reporters, in April this year to $ 11,000 per sqm purchased the items in the price of a set of 150 square meters of commercial houses, 3 times paid $ 860,000 yuan in cash, but has failed to complete the complex in October, the project a complete cessation of the construction. This reporter has learned, is located in dongsheng district of Central"Ordos square" in August this year the housing projects originally planned, then postponed to December, and now the housing dates postponed to August 2012. "They say the money could not come out. Housing next year, as long as we had 840,000 remains aligned, (developers) just doesn't have the money. "Guo said. According to a police maintain order at the scene revealed that the now ownersLooking for developers to create disturbances occurred, and other cities because of disputes caused by the price difference is, disputes, many of them are House Ordos cannot be triggered on time. Journalists in the Ordos real estate online, "Ordos square" project, which opened on January 1, 2011, the current average price per square metre for $ 12,000, but the project site adsSee on the price is $ 7,900 per square meter, sales personnel said the price could have a little discount. At present, the Ordos most sales out of each complex. Reporters in kangbashi more under construction and completed projects to see, this should open the door to meet the guest sales office door closed, and some even have removed only leave a sale at the door calls. Dongsheng districtPopulation accounted for 80% of Ordos city population, its real estate development also takes up the main body of the city, according to the statistics in the area, the 3 quarter of 2011, dongsheng district 155 property construction projects were started. Everywhere, while towering head mast, but the basic construction of hearing voices, many building workers only left in the works. "From AugustComing in the first place project wound down, entered in October, began large-scale lay-off, basically work now. "An official from the Department of housing management in Ordos told reporters swtor credits, while winter is the season of lay-off, but most of this year are cash-strapped. The news that currently selling real estate there are only a few of the Ordos, kangbashi only has two, and the price already has 20More than% retracements. Dongsheng district of journalists from the Government sector is from the original message is already in the area 8,000 yuan per square meter price back down to 6,000 yuan per square meter, while the market is still quiet. "Ordos people now cash-strapped, as long as they can to make the financial system, everything would be all right. "November 22 local a real estate businessSenior reporters, now the biggest problem is that people have no cash in the hand, due to the limited credit, buyers cannot get loans from banks, and most of their money on usury. Loan sharks circle small fame of Yang Fengqin told reporters, in the richest man in many billions worth of Ordos people who can take out $ 1 million in cash is now rare. The Government wishes toBailout? Although outsiders Erdos [14.26-0.90%] is experiencing a serious "financial crisis", but it does not seem to take the road to ruin. Reporters learned from the people familiar with the Department, the "financial crisis" dongsheng district are relying on the body of government power gradually recovers, which was dubbed "rescue" programme included in the name of $ 7.5 billion to10 billion yuan of "real estate industry restructuring plan" and billions of dollars of "Government takeover", to relieve the deadlock in dongsheng district of current real estate market. In this regard, dongsheng told reporters an official from the Communist Party's propaganda Department, dongsheng district of Government are developing relevant programmes, but this "bailout" was not paid by the Government, but to consolidate real estate enterprises on the basis of, The lead from the Bank loan market injections. "Is the current size of RMB 7.5 billion, involving lots of financial institutions, at present I know include the National Development Bank Erdos swtor power leveling, Ordos banks, rural commercial banks three, and some are still in the coordination, in General, is checks by both the Government and banks. "The official stressed that the Government acts as a gatekeeper and focal pointsThe role of non-surety. According to his introduction, dongsheng district to rectify the existing over more than 300 real estate enterprises, for most small businesses a merger, consolidation, restructuring, formed several large enterprises with strength, bank money is used for this, and sale of enterprises of small business owners can obtain payment of loan funds. On November 25, journalists call respectively of the aboveBanks asked to participate in "rescue", Ordos and Ordos rural commercial banks do not give a clear answer, two lines of business that currently confiscated to related files. CDB in Inner Mongolia branch head of Administrative Department said, at present, the line is still strictly controlled real estate lending.