Put the mouse ears down and step away from the unapproved real estate development project

I didnt see this one coming and Im not really sure what the real story is behind it. But coming on the heeels of the golf Course Crackdown we see a pattern developing.

The Wall Street Journal

BEIJINGChina has suspended the construction of large theme parks to clamp down on local government spending and rein in unauthorized real-estate development.

The countrys top economic planning agency has halted the construction of locally approved parks planned to be larger than 20 hectares or that have a total investment of more than 500 million yuan (US$78 million), according to a directive seen Tuesday.

Since 2004, the State Council [China's cabinet] has clearly ruled that it must approve construction of large-scale theme parks. But in recent years local governments have approved large parks on their own, the National Development and Reform Commission said in the directive.

The suspension took effect Aug. 5 and covers projects already approved but for which construction hasnt yet begun. It will remain in place until the introduction of new regulations for the sector, the directive said.

Full story here http://online.wsj.com/article/SB10001424053111903480904576511923883314438.html?mod=rss_about_china