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Official says no added RE stimulus planned for now
By Hu Yuanyuan (chinadaily.com.cn)
Updated: 2009-03-04 16:27 China's central government has no plan to launch more real estate stimulus policies in the short term, Qi Ji, vice minister of housing and urban-rural development, said on CCTV Wednesday.
"The property sales in a number of cities are gradually climbing, and the price in some cities even saw a growth on a yearly basis," said Qi. However, property developers are still expecting more policies from the central government. Huang Wenzai, chairman of Guangzhou-based Hongyu Group, told reporters on the sidelines of the annual sessions of the Chinese People's Political Consultative Conference (CPPCC), that the industry still needs a long-term planning scheme. (For more biz stories, please visit Industries)
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