Politburo Targets Real Estate Market

iFeng: 政治局会议：下决心解决好房地产市场问题 坚决遏制房价上涨

The Political Bureau of the Central Committee said that it is determined to solve the problem of the real estate market, adhere to the policy of the city, promote the balance between supply and demand, reasonably guide the expectations, rectify the market order, and resolutely curb the rise in housing prices. Accelerate the establishment of a long-term mechanism to promote the stable and healthy development of the real estate market.

...The meeting emphasized that all localities and departments must earnestly strengthen the "four awarenesses" and strengthen the "four self-confidences", unswervingly implement the various strategic arrangements made by the party's 19th National Congress, and do their best to ensure that all work is done and ensure the mission of economic and social development.

...The meeting pointed out that socialism with Chinese characteristics has entered a new era, and the party must have new atmosphere and new conduct, and must rely on strict discipline to guarantee.

On real estate:

The meeting demanded that, first, maintain a stable and healthy economic development, adhere to the implementation of a proactive fiscal policy and a prudent monetary policy, and improve the forward-looking, flexible, and effective policies. Fiscal policy should play a greater role in expanding domestic demand and structural adjustment. We must supply good money to the general gate and keep the liquidity reasonable and sufficient. We must do a good job in stabilizing employment, stabilizing finance, stabilizing foreign trade, stabilizing foreign investment, stabilizing investment, and stabilizing expectations. Protect the legitimate rights and interests of foreign-funded enterprises in China. Second, the shortcomings will be used as the key task of deepening the structural reform of the supply side, increasing the strength of the infrastructure sector to complement the shortcomings, enhancing innovation, developing new kinetic energy, opening up institutional barriers to capacity reduction, and reducing corporate costs. We must implement a good rural revitalization strategy. Third, better combine the prevention and mitigation of financial risks and the service of the real economy, firmly do the work of deleveraging, grasp the strength and rhythm, and coordinate the timing of various policies. It is necessary to improve the ability and willingness of financial services to the real economy through institutional innovation. Fourth, promote reform and opening up, and continue to study and launch a number of major reform measures that will be effective. It is necessary to implement major measures to expand opening up and substantially relax market access, promote the development of the “Belt and Road” and develop the first China International Import Expo. Fifth, we are determined to solve the problem of the real estate market, adhere to the policy of the city, promote the balance between supply and demand, reasonably guide the expectations, rectify the market order, and resolutely curb the rise in housing prices. Accelerate the establishment of a long-term mechanism to promote the stable and healthy development of the real estate market. Sixth, do a good job in people's livelihood security and social stability, put stable employment in a more prominent position, ensure basic wages, education, social security and other people's livelihood expenditures, strengthen poverty-stricken areas in poverty-stricken areas, and do a good job in deepening social stability.