Off the wire
Weather forecast for major Chinese cities, regions -- May 9  • Maintaining healthy, stable development of Sino-US trade ties in global interest: FM spokesperson  • DPP administration bears full responsibility for Taiwan not being invited to WHA: FM spokesperson  • Legendary Chinese art connoisseur celebrated in Beijing  • Carlos Alvarado sworn in as president of Costa Rica  • Namibia continues with energy saving campaign to eliminate inefficient bulbs  • Ireland sales of new vehicles down, but used ones up in 1st 4 months  • Train collision leaves two dead in Germany  • Weather forecast for major Chinese cities, regions -- May 9  • Maintaining healthy, stable development of Sino-US trade ties in global interest: FM spokesperson  
You are here:  

China's local governments asked to ensure stable property market

Xinhua,May 10, 2018 Adjust font size:

BEIJING, May 10 (Xinhua) -- China's top property market watchdog has urged local governments to stick to real estate market management goals and not loosen regulatory measures.

The Ministry of Housing and Urban-Rural Development arranged talks Wednesday with senior government officials from Chengdu and Taiyuan cities on property market regulation.

Official data showed that both cities saw the prices of new and second-hand houses rise year-on-year in March.

The ministry reiterated that "houses are for living in, not for speculation" and urged them to take specific measures to ensure stable and healthy development of the local property market.

Local governments have been asked to increase housing supply for certain regions, build more middle-and-small-size houses and strengthen capital management to reduce leverage.

Last month, the ministry met with senior government officials of 10 cities, including Xi'an and Haikou, on real estate market management. Enditem