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Property Curbs 'Doomed To Fail'
Source: Xinhua |
November 3, 2010, Wednesday
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Print Edition
Print Edition
POLICIES to curb China's property market are doomed to fail, an expert with the research center of the State Council said yesterday.
Hou Yunchun, vice director of the Development Research Center of the State Council, told a forum on fiscal and financial policies that temporarily reining in prices will not solve the property sector's problems. Housing policy reforms, an increase in supply and guidance on reasonable demand are required for the healthy development of the property market, Hou said.
The State Council has pledged to curb steep property price rises and promote steady property market development.
Hou Yunchun, vice director of the Development Research Center of the State Council, told a forum on fiscal and financial policies that temporarily reining in prices will not solve the property sector's problems. Housing policy reforms, an increase in supply and guidance on reasonable demand are required for the healthy development of the property market, Hou said.
The State Council has pledged to curb steep property price rises and promote steady property market development.
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