China supports local governments’ move to relax property policies, to optimize regulations on pre-sale proceeds – Politburo

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China's Politburo, the top decision-making body of the ruling Communist Party, expressed supports to local governments' move to adjust property policies to stablize the housing market and, for the first time ever, pledged to optimize regulations on property developers' pre-sale proceeds.

The country will stick to the policy stance that "housing is for living, not for speculation", support different regions to improve real estate policies based on their local situations, support the . . .