China will introduce further macroeconomic controls for the real
estate market and strive to improve housing conditions for
low-income earners.
The Ministry of Construction said on Saturday that it will shift
its focus to the construction of medium and small size houses to
meet common demand.
It will also work to resolve the housing problems faced by
low-income urban families.
The Ministry called for a nationwide system of low-cost public
housing, as well as greater coordination between home demolition
and construction of new buildings.
The Ministry said the supply of ordinary housing in China is
still inadequate, though earlier government controls have proved
effective at curbing speculation on the property market.
(CRI August 7, 2006)