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MNI POLICY: Boosting Property Investment Not Stimulus: Sheng 

     BEIJING (MNI) - Maintaining reasonable growth in real estate investment
doesn't mean China intends to stimulate the property market, Sheng Songcheng,
former director of the Survey and Statistics Division of the People's Bank of
China, wrote in an article in the China Business News on Monday.
     China must resolutely stick to the mantra of "housing is for living, not
for speculating," Sheng said. Housing prices are generally stable and a small
decline won't have large impact on growth, he said. It should create a stable
expectation for prices, which can help to smoothen market volatility, stabilize
land prices, reduce profit margins of speculation, and curb market speculation,
he said.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$]
China Market NewsPolicy NewsFiscalGovernment sectorAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsFiscalGovernment sectorAPACChinaJapanAustraliaNew ZealandRegion
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