Want China Times, Xinhua 2014-03-13
A monitor at Beijing Railway Station broadcasts Li Keqiang's press conference live, Mar. 13. (Photo/CNS) |
China will
adopt a varied approach in regulating the housing market, and curbing
speculation and investment-oriented purchases, the Chinese premier, Li Keqiang,
said on Thursday.
At a press
conference held at the end of China's annual "lianghui" — the twin
meetings of the National People's Congress and the Chinese People's Political
Consultative Conference in Beijing — Li said China will increase the supply of
ordinary commercial housing in the market.
A long-term
mechanism will be built to ensure steady and sound growth of the housing
market, the premier said.
Li said the
goal of the government on the housing issue is to provide adequate housing for the
entire population, noting that some 100 million Chinese still live in poor,
run-down areas of cities.
He said the
government will redouble efforts to overhaul run-down areas this year, pledging
to rebuild 4.7 million shanty houses as proper housing.
More
government-subsidized housing such as public rental properties will be built,
and efforts will be made to ensure that housing is distributed equitably, he
said, adding that "a small action is more important than a thousand
words."
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