Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's housing ministry moves to stabilize city real estate

July 30, 2021


Abstract : China's housing authorities on Thursday held a regulatory talk with officials in five cities and urged them to stabilize the property markets in the wake of rapid increases in local home prices.

BEIJING, July 29 (Xinhua) -- China's housing authorities on Thursday held a regulatory talk with officials in five cities and urged them to stabilize the property markets in the wake of rapid increases in local home prices.

Ni Hong, vice minister of housing and urban-rural development, said the cities of Yinchuan, Xuzhou, Jinhua, Quanzhou, and Huizhou should enhance property market regulation and monitoring and keep its development stable and sound.

The prices of residential housing and land have increased too fast in these five cities in the first half of this year, and market expectations have become unstable.

Ni asked officials of the five cities to uphold the principle that "houses are for living in, not for speculation" and refrain from using the property sector as a means of short-term economic stimulus.

Ni also urged local governments to speed up efforts in establishing a link mechanism between housing and land prices, developing affordable rental housing, and making two-way adjustments in supply and demand to regulate the market order. Enditem


Scan the QR code and push it to your mobile phone

Keyword: real estate

Reading:

Sales revenue of China's gaming market at 23.17 bln USD in H1

Economic Watch: Chinese shares rebound amid improving sentiment

GLOBALink | China Chat: The Real Tibet

Xinhua Commentary: Ending absolute poverty in China boosts inclusive development worldwide

China Development Bank issues 2.85 trln yuan of loans in 2020

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial