China to promote stable growth of housing market

Xinhua
22 May 2020, 08:27 GMT+10

Aerial photo taken on Feb. 17, 2020 shows buildings under construction in Nanguan District of Changchun City, northeast China's Jilin Province. (Xinhua/Zhang Nan)

BEIJING, May 22 (Xinhua) -- China will stick to its principle of "housing is for living in, not for speculation," according to a government work report submitted to the national legislature for deliberation on Friday.

The country will implement city-specific policies to promote steady and healthy development of the real estate market, said the report. ■

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