China to rein in housing prices
(Xinhua)
Updated: 2006-10-19 09:18
House prices are still rising at a fast pace in some Chinese cities and the
government should continue efforts to enforce its macro-control policies on the
property market, according to Chinese Vice Premier Zeng Peiyan.
The
government should strive to adjust the structure of the housing supply and
ensure housing for low-income families, Zeng said on Tuesday.
Earlier
macro-control policies have not been fully enforced and the market order should
be further rectified, said Zeng.
The Construction Ministry, along with
several other central departments, sent teams of high-level officials to eleven
provinces, municipalities and autonomous regions in late September to
investigate how local governments have implemented its macro control policies
aimed at cooling down the property market. (For more biz stories, please visit Industry Updates)
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