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Real Estate Risks Need “Slow Release” Defusing - Housing Minister

CHINA PRESS
MNI (BEIJING)

Defusing risks in the real-estate industry should be done in a “slow release” manner, according to Ni Hong, Minister for Housing. Speaking on the sidelines of the Two Sessions meeting in Beijing, Ni said curtailing risk would first involve supporting high quality developers to improve their balance sheets. For other developers, self-help support would be given, however some firms would be made to “pay a due price” for risky behaviour. Ni said he was “very confident” in the stabilisation of the market this year given recent trends in house prices and transactions. (Source: Yicai.com)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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