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皇冠体育app curbs hot real estate investment
(Xinhua)
Updated: 2005-12-26 16:33
皇冠体育app construction minister Wang Guangtao said that overheated investment in
the country's real estate sector has been curbed this year.
Minister Wang made the remarks Monday at a meeting in the southern Chinese
city of Nanjing, capital of Jiangsu province. He said that control over
investment has been successfully tightened this year. The real estate sector saw
an increase of 21 percent over the same period last year. This number marked a
drop of seven percent compared to last year.
Wang pointed out that housing supply in the country is irrational, with
insufficient lower priced smaller houses for lower income families.
The minister added that 皇冠体育app will continue to adjust macro-policies relating
to real estate development in a bid to put it on the right track for 2006.
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