18 August 2019

Property measures to be tailored to local conditions, Li says

China will adopt differentiated housing control policies for different regions based on the local conditions, Premier Li Keqiang {李克強} said on Thursday. At a news conference on the final day of the National People’s Congress plenum, Li said the government will provide more commercial and affordable homes to meet the housing demand, while continuing the efforts to curb speculative activities. In other initiatives, China will step up shantytown renovation projects, aiming to complete the renovation of at least 4.7 million units within this year, the premier said in televised remarks. Meanwhile, he stressed that the government has some flexibility due to the economic growth target of around 7.5 percent for this year. The focus will be on creating enough jobs, Li said.

– Contact HKEJ at [email protected]



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