China to 'firmly rein' in property speculation
Comments 
Print 
Mail 
Large Medium SmallBEIJING?- The Chinese government will "firmly rein in" speculative and investment-driven housing demand and to promptly improve the accountability system for stabilizing housing prices, according to a government work report to be delivered to China' s top legislature on Tuesday.
According to the report, Wen will suggest that his succeeding government promptly improve policies for regulating the real estate market and strengthen mechanisms for sustaining its steady and sound development.
The government should continue to build and manage government-subsidized housing for the people so they have housing they are satisfied with, said the report.
This year, 4.7 million government-subsidized urban housing units should be basically completed, construction of another 6.3 million units should begin, and renovation of dilapidated rural houses should continue, it said.
Related Stories
Latest government curbs hammer property stocks 2013-03-05 00:17
New property curbs spark heated debates 2013-03-04 19:26
Taming an overheated market 2013-03-04 13:23
Housing tax increase worries young Chinese 2013-03-04 11:48
Stricter measures to cool property market 2013-03-01 22:58
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 