Land on the Moon cheaper in China than US

A Chinese company has been banned from selling plots of land on the moon, state media reported on Saturday. The company, Lunar Embassy to China, had sold a total of 49 acres (20 hectares) to 34 customers before authorities acted, Xinhua news agency said.

An appeal court on Friday upheld an earlier ruling against the Beijing-based firm which had been selling the lunar plots. In 2005 the company had its business licence revoked and was fined 50,000 yuan (6,450 dollars) by commerce authorities. It sued but the court ruled against the firm.