Government and Policy

Wen reaffirms effort to bring down house price

(Xinhua)
Updated: 2011-05-01 20:39

Chinese Premier Wen Jiabao talks to the construction workers at a low-income housing construction site in eastern Beijing,  extending Labor Day holiday greetings to them on May 1, 2011. [Photo/Xinhua]

BEIJING - Chinese Premier Wen Jiabao on Sunday visited a low-income housing construction site in eastern Beijing, extending Labor Day holiday greetings to workers there and stressing the central government's determination to stabilize prices of the real estate and to advance a healthy development of the sector.

Related readings:  China allocates another $5b for public housing  More Chinese cities see housing prices decline in March  Chinese VP calls for fairness in housing distribution  China to inspect affordable housing construction

"I chose this low-income housing construction site for a visit on Labor Day, which fell on Sunday, as the central government has attached great importance to construction of new low-income housing units," said Premier Wen.

He reiterated the central government's unswerving determination to work to ensure that the prices of the real estate remain largely stable and to strive to advance a healthy growth of the sector.

"We are determined to bring down the high flying housing prices in some cities and make sure that the prices of housing could return to a reasonable level," said Wen.

"Our determination is unswerving that special care is given to the needy and low-income families and make sure they could afford housing," said Premier Wen.

While visiting the Wangsiying low-income housing project in Beijing Chaoyang District, Premier Wen wore a hard hat and went inside a newly capped building designed for low-rent housing to check a two-room apartment there.

He also visited workers' dorms and the canteen.