It is time to build up a long-term......>

CHINA PRESS: It is time to build up a long-term property market mechanism to

implement the principle that a "house is for living in, not for speculating on",

the Economic Information Daily said in a front page commentary Thursday. The

policy and capital sides of the market are ready to launch a new mechanism, the

commentary argued. As financial deleveraging has progressed, the flow of capital

into the property market has been curbed and speculation has shrunk, the

commentary said. A series of new government policies, including those supporting

joint-ownership houses and rental housing, has optimized housing resources.

Regulators have started to ban the use of consumer loans to acquire property, so

the property market is moving forward in a healthier way, the commentary

stressed. (Economic Information Daily)