Real Estate: Investment needs control
(China Securities Journal)
Updated: 2006-04-17 15:13
China should take measures to control investment in the real estate industry
to ensure the nation's stable economic growth, Li Yang, director of the Finance
Institute of the Chinese Academy of Social Sciences, said.
Li said in a forum: ""Property is a pillar industry and it would be terrible
if property investment should fall suddenly.""
Li added the government was trying to reduce the role of fixed asset
investment in the economy, but that this would take time.
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