It is reported that the provincial and municipal governmentsjointlyheld this public job fair forthefirst time to provideintern opportunities for studentsfailed to get jobs.
The government has encouraged banks to offer lower mortgage rates for first-time home buyers, called on developers to increase construction of smaller and cheaper apartments, and is tolerating moves by some cash-hungry municipalandprovincialgovernments to loosen property restrictions at the local level.
Red tape from municipalandprovincialgovernments gums up foreign investment, andthe reduction in loans to cement and steel companies cuts all investment--including money for efficiency projects--to those industries.