BEIJING, Sept. 7 (Xinhua) -- The Chinese government has decided to drastically raise fees and taxes associated with land sales, including doubling compensations to incumbent tenants, to curb runaway investment.

According to a new policy revealed by the Ministry of Land and Resources Thursday, fees paid by developers to compensate the losses of incumbent tenants would be doubled.

This shall benefit tens of thousands of rural and urban Chinese families that annually lose their farm lands or homes to the mushrooming development projects. Enditem