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China mulls long-term mechanism for healthy development in real estate

2017-01-11 16:16

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China is mulling over a long-term mechanism for the healthy and stable development in real estate industry, which would include laws and regulations and some financial policies, said Xu Shaoshi, director of the National Development and Reform Commission (NDRC), said at a news briefing.

Housing price in China has been effectively controlled through different measures of local governments for tackling problems of high housing price in the first- and second-tier cities and high house stocks in the third- and fourth-tier cities, according to Xu.

Xu specified that the monetized resettlements for renovation of shanty towns should be combined with house de-stocking in the third- and fourth-tier cities.

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