Beijing, China — Chinese Premier Li Qiang presided over a State Council executive meeting on Friday, emphasizing the need to optimize and refine real estate policies to promote a stable and healthy housing market.
During the meeting, reports on optimizing real estate policies were presented, and Premier Li called for systematic efforts to further enhance related policies. He stressed the importance of ensuring the timely delivery of housing projects and improving the effectiveness of real estate financing coordination mechanisms to achieve tangible results.
The meeting highlighted the need for supportive policies to be developed systematically to tap into potential housing demand and increase the supply of high-quality housing. Attendees agreed that these measures are crucial for promoting the steady and healthy development of the real estate market.
The Chinese government has been actively seeking ways to stabilize the real estate sector, which plays a significant role in the nation’s economy. By refining policies and enhancing support mechanisms, authorities aim to balance market supply and demand, address financing challenges, and boost consumer confidence.
The moves come amid broader efforts to stimulate economic growth and ensure social stability, with housing recognized as a cornerstone of both economic development and people’s livelihoods.
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Chinese premier calls for efforts to refine real estate policies
cgtn.com
