China’s Economy Czar Liu He Calls For Stable Housing Market
- Liu says houses not for speculation in call for stable prices
- Housing slowdown has weighed on China’s economic growth
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China’s top economic official called for stabilizing house prices while sticking with curbs on speculation as a property market slowdown continues to take a toll on the economy.
Vice Premier Liu He, China’s top economic policy official, vowed to stick to curbs on the housing market under the slogan of “houses are for living in, not for speculation,” in an article published by the ruling Communist Party’s flagship newspaper, the People’s Daily.