An important meeting was held in China to decide next year's economic management policy, emphasizing the policy of continuing regulations to curb overheating of the real estate market.
At the same time, he will show his stance to stabilize the real estate market, and the focus will be on whether the impact of management problems of real estate companies such as the "Evergrande Group" can be suppressed.
"Housing is a living thing, not a speculative target."
In China, the "Central Economic Work Conference" was held for three days until the 10th, with President Xi Jinping and Prime Minister Li Keqiang attending to decide the economic management of next year.
According to China's state-owned Xinhua News Agency, the conference emphasized the policy of continuing regulations to prevent overheating of the real estate market, saying that "houses are living, not speculative."
In the Chinese real estate industry, a series of companies such as the "Evergrande Group" are in trouble due to government regulations, and the decline in sales and investment is one of the factors behind the economic slowdown.
For this reason, the conference will also show its stance of stabilizing the real estate market by "promoting a virtuous cycle of the industry and sound development", and the focus will be on reducing the impact of management problems of real estate companies.
In addition, we reconfirmed that we will promote "joint wealth", an initiative to close the gap between rich and poor, and in light of the continuing economic slowdown, we will continue aggressive fiscal policies such as tax cuts and infrastructure investment. Showed the policy to support the economy.