Reporters' Log

China pledges to keep real estate market stable

By (Xinhua)
Updated: 2009-03-05 10:07

China will take measures to stabilize real estate market confidence while promote "orderly development" of the industry, Premier Wen Jiabao said Thursday morning.

Wen made the remarks in the government work report delivered to nearly 3,000 lawmakers at the annual session of the National People's Congress, the country's top legislature.

"We will adopt even more vigorous and effective policies and measures to stabilize market confidence and expectations, keep real estate investment stable, and promote steady and orderly development of the real estate industry," Wen said.

The country plans to earmark 43 billion yuan ($6.28 billion) in its 2009 budget to build low-rent houses for poor families, he said.

The government will also "strive to solve the housing problems of 7.5 million low-income urban families and 2.4 million families living in shantytowns in forests, on reclaimed land and around coal mines within three years," he said.

Wen also pledged to deepen reform of the urban housing system to meet people's multilevel housing demand, and strive to ensure adequate housing for everyone.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農民企業家 Farmer-turned-entrepreneur
• 窗口指導 window guidance
• 下崗再就業 Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more