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Potential homebuyers visit a housing expo in Zhengzhou, Henan province.[Provided to China Daily] |
Rural residents encouraged to buy properties in cities
China will roll out measures to reduce its property inventory and stabilize its ailing housing market, said a statement released on Dec 21 after a key policy meeting.
Rural residents relocating to urban areas should be allowed to register as city residents, which would enable them to buy or rent property, according to the conference.
In addition, a low-rent public housing program will cover those without household registration.
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