China's top authority sends signal of real estate tightening

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China will not use the real estate sector as a tool to provide short-term stimulus to the economy, said Chinese Vice Premier Han Zheng at a meeting on Friday, reiterating the policy stance that "housing is for living, not for speculating."

Han stressed efforts to implement the long-term management mechanism to promote the sound and healthy development of its real estate sector.

China will continue to implement city-based approach in real estate regulations and to "stabilise land price, stabilise house price and stabilise price expectations", said Han, who also urged local governments . . .

Sign In or Subscribe To Get Full Access.

Everything you are looking for about China markets is on THE WIRE, with up-to-the-minute reporting on regulatory updates, economic indicators, market trends and company spotlights throughout every trading day.

Random China information is everywhere, but focused and systematic reporting on China market is rare.

TRY US FOR FREE