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China to Continue Efforts to Rein in Rising Housing Prices

House prices are still rising at a fast pace in some Chinese cities and the government should continue efforts to enforce its macro-control policies on the property market, according to Chinese Vice Premier Zeng Peiyan.


The government should strive to adjust the structure of the housing supply and ensure housing for low-income families, Zeng said on Tuesday.


Earlier macro-control policies have not been fully enforced and the market order should be further rectified, said Zeng.


The Construction Ministry, along with several other central departments, sent teams of high-level officials to eleven provinces, municipalities and autonomous regions in late September to investigate how local governments have implemented its macro control policies aimed at cooling down the property market.


(Xinhua News Agency October 19, 2006)

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