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Guideline spurs housing order moves By Wang Ying in Shanghai and Zhang Yue in Beijing | China Daily | Updated: 2021-07-28 08:57 Share CLOSE Local residents register for government-subsidized rental housing in Bazhong, Sichuan province. [CHENG CONG/FOR CHINA DAILY]
Various ministries and departments of the Chinese government are coordinating efforts to improve regulation of the real estate industry, following the issuance of a new guideline to further eliminate disorder from the market, experts said.
On Friday, a guideline issued by eight government departments, including the Ministry of Housing and Urban-Rural Development, was widely circulated across China.
The guideline emphasized that order in the real estate market needs to be improved significantly in the next three years.
Expert links realty and consumption By Wang Ying in Shanghai | China Daily | Updated: 2021-02-03 07:48 Share CLOSE Potential homebuyers look at a property model in Huaian, Jiangsu province. [Photo by Chen Liang/For China Daily]
The property market is still a ballast for sustaining China s investment and economic growth as well as the Chinese people s well-being under the dual-circulation development scenario, an industry expert said. The nation is witnessing rapid urbanization, characterized by the new round of restructuring and development of city clusters. New industries and population are flocking to these clusters, thereby boosting the prospects of the real estate sector, said Yu Xiaofen, vice-president of the Zhejiang University of Technology.