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2014 two Sessions

Premier Li: Property strategy meets local needs

Updated: 2014-03-13
By Lou Yi (chinadaily.com.cn)

A regulatory strategy for the property market, recognizing local conditions and aspects, will be implemented, Premier Li Keqiang said on Thursday.

The government will ramp up building of publicly funded apartments, increasing the supply of residential properties and curb speculative purchases, Li pledged.

He stressed the importance of rebuilding urban rundown areas, describing harsh living conditions in these areas as "deeply distressing" for the government.

Premier Li Keqiang met journalists from home and abroad at a press conference on March 13, shortly after the annual parliamentary session ended in Beijing.

It is the second time Li has met the press at the Great Hall of the People since he assumed the premiership.

Source: CCTV

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