China vows to curb real estate bubble in 2017
Xinhua | Updated: 2016-12-16 17:22
BEIJING - China will promote the stable and healthy development of the real estate market in 2017, said a statement issued Friday after the Central Economic Work Conference.
The country will establish a market-oriented and long-term mechanism, which could not only curb real estate bubble, but also prevent erratic fluctuations, the statement said.
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