Li Supports Housing Market

Global Times: Housing demand to rise further, Premier Li says
China's housing demand will continue to rise and the country still needs a long time to carry out its urbanization plan, Chinese Premier Li Keqiang said on Tuesday during the opening ceremony of a conference held in Macao, according to domestic media reports.

The risks associated with China's housing market should be viewed from an "objective" and "comprehensive" perspective, Li told the conference, the Xinhua News Agency reported.

He also stressed that the domestic real estate market has shown some tendency toward differentiation, and local governments will be asked to shoulder more responsibility in directing the housing market to develop in a sound manner with effective measures, in order to satisfy basic housing demand.
Good luck to the planners.

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