China continues to rein in housing prices
(Xinhua)
Updated: 2006-10-18 21:20
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.
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