GD's Party Chief Visits Shenzhen for Industrial Transfer
The secretary of Guangdong's CPC Committee, Wang Yang, had a one-day inspection visit to Shenzhen yesterday (Aug 18th). The visit focused on industrial upgrade and a new round of governmental institutional reforms.

GZ's Land Bidding Less Competitive, More Cautious
Guangzhou held another land auction yesterday (Aug 18th) but real estate developers seemed rather cautious. There were 10 land lots on sale, the largest volume of land made available so far this year. More from our reporter, Yang Zhen:
With Guangzhou authorities imposing penalties on real estate companies delaying land development and a larger supply of land, this recent auction was much less competitive. One piece of land located in Nan Huaxi, supposed to be the main focus of the auction, was sold after only seven rounds of bidding within 2 minutes, at 4651 yuan per square meter. 
Han Shitong, a real estate expert:
"This year, Guangzhou will supply 2.5 square kilometers of land, not including the land supplied for economic housing. Real estate developers now show no aggressive attitude in the auctions."

South Korea's former President Kim Dae-Jung Died
South Korea's former President, Kim Dae-Jung, who won the Nobel Peace Prize for organizing the first summit between leaders of the two Koreas, died of heart failure yesterday(Aug 18th).