House prices are still rising at a fast pace in some Chinese
cities and the government should continue efforts to enforce its
macro-control policies on the property market, according to Vice
Premier Zeng Peiyan.
The government should strive to adjust the structure of the
housing supply and ensure housing for low-income families, Zeng
said on Tuesday.
Earlier macro-control policies have not been fully enforced and
the market order should be further rectified, said Zeng.
The Construction Ministry, along with several other central
departments, sent teams of high-level officials to eleven
provinces, municipalities and autonomous regions in late September
to investigate how local governments have implemented its macro
control policies aimed at cooling down the property market.
(Xinhua News Agency October 19, 2006)
