Politburo vows to promote healthy development of real estate sector, uses “virtuous cycle” for first time
Politburo vows to promote healthy development of real estate sector, uses “virtuous cycle” for first time

Politburo vows to promote healthy development of real estate sector, uses “virtuous cycle” for first time

 

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China will increase construction of affordable-housing, support the efforts to better meet home buyers' reasonable demand and promote healthy development and virtuous cycle of the real estate sector, the Politburo, the top decision-making body of the China Communist Party, said at a meeting about Chinese economy on Monday.

Politburo's words, coming after several regulators including the central bank and the top banking regulators indicated relaxation of real estate financing, further boosted expectations . . .

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