Soaring Land Supply
China’s residential land supply totaled 91，700 hectares in the first nine months， an increase of 28.4 percent year on year， according to the datareleased on October 16 by the Ministry of Landand Resources.
The land supply for commodity housing hit 71，300 hectares， up 7.3 percent year on year.Four first-tier cities， Beijing， Guangzhou，Shanghai and Shenzhen， all saw land supplyincreases in the January-September period，and will continue to enhance land supply in thefourth quarter.
In the first three quarters， the land supply for commodity housing in Beijing stood at 589 hectares， up 128 percent from a year ago， whilethe land supply in Shanghai， Guangzhou and Shenzhen reached 789， 526， and 115 hectares，respectively.
Eyeing More Market Share
Nu Skin Enterprise (NSE)， a personal-care products maker， plans to invest close to $200 million inbuilding stores and manu facturing facilities in Chinanext year， to keep up with rising demand， said NSE President and CEO Truman Hunt.
The New York-listed company has invested over 450 million yuan ($73.8 million) in buildinga new office in Shanghai， its largest ever foreigninvestment， according to Hunt.
Greater China which includes the mainland，Hong Kong and Taiwan， reported $450 million insales revenue for the first half of this year. It was thebiggest revenue contributor for the company.
NSE was the first foreign-invested direct selling company licensed to do business in China. So far，the company has acquired admission to operate in 19 provinces and regions.
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