Monday, November 07, 2005

Chinese Try to Buy the Moon

"Beijing industrial and commercial authorities have suspended the license of a company claiming to sell land on the moon for engagement in speculation and profiteering.

The Beijing Lunar Village Aeronautics Science and Technology Co., Ltd. with domestic financing, was registered on September 5 but has now stopped operation, said a source with the Chaoyang District Branch of the Beijing Municipal Administration for Industry and Commerce over the weekend.

The so-called Lunar Embassy in China claimed that one can purchase an acre on the moon for 298 yuan (37 US dollars) through the company. The company started operation on October 19.

The Lunar Embassy issued customers a "certificate" that ensured property ownership including rights to use the land and minerals up to three kilometers underground, Li Jie, chief executive officer of the company was quoted as saying by earlier reports.

A Chaoyang District branch official said that according to state regulations, all activities which are in violation of state laws and regulations, and disturb social and economic order are regarded to be engaged in speculation and profiteering."

-From The Chinal Daily.

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