{"id":2347,"date":"2019-03-12T11:25:42","date_gmt":"2019-03-12T11:25:42","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=2347"},"modified":"2021-06-04T14:19:03","modified_gmt":"2021-06-04T07:19:03","slug":"china-to-avoid-big-fluctuations-in-property-market-minister","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/china-to-avoid-big-fluctuations-in-property-market-minister\/","title":{"rendered":"China to avoid big fluctuations in property market: minister"},"content":{"rendered":"<figure id=\"attachment_2357\" aria-describedby=\"caption-attachment-2357\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-2357\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/03\/shutterstock_1027911667-compressor.jpg\" alt=\"\" width=\"1000\" height=\"714\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/03\/shutterstock_1027911667-compressor.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/03\/shutterstock_1027911667-compressor-300x214.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/03\/shutterstock_1027911667-compressor-768x548.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-2357\" class=\"wp-caption-text\">Beijing, China. HelloRF Zcool\/Shutterstock<\/figcaption><\/figure>\n<p id=\"yui_patched_v3_11_0_1_1552476045564_785\">The Chinese government will work to prevent big fluctuations in the property market in a bid\u00a0to uphold Beijing\u2019s overarching policy that &#8220;houses are for living, not for speculation&#8221;,\u00a0<a href=\"https:\/\/uk.reuters.com\/article\/uk-china-economy-property\/china-will-avoid-big-fluctuations-in-property-market-housing-minister-idUKKBN1QT0FN\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>\u00a0reported.<\/p>\n<p>&#8220;We will keep property policymaking persistent and stable, and avoid the situation where prices would rise or fall sharply,&#8221; Housing Minister Wang Menghui said today on the sidelines of the annual parliament meeting in Beijing.<\/p>\n<p>He also said the government will carry out objectives to\u00a0develop the rental housing market, thereby addressing the structural imbalance in the residential market.<\/p>\n<p id=\"yui_patched_v3_11_0_1_1552476045564_798\">Mainland China has undergone through three years of property curbs designed\u00a0to quell flipping and other speculative activities, which\u00a0have\u00a0fueled residential price rises in tier-one cities like Shanghai.<\/p>\n<p>Smaller cities have been relaxing\u00a0curbs over recent months though. Speculation that more cities will loosen property curbs have spiked since a report by Premier Li Keqiang failed to mention &#8220;houses are for living, not for speculation.&#8221;<\/p>\n<p>In\u00a0addition, China has\u00a0moderated its economic growth target this year to anywhere between 6 percent and 6.5 percent, adding to concerns that Beijing will eventually grow\u00a0lax on cooling measures.<\/p>\n<p>Growth in Chinese home prices eased to a nine-month low in January, although analysts said underlying demand still appeared to be healthy with annual growth at 10 percent, Reuters noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8216;Houses are living, not for speculation&#8217; rings loud and clear<\/p>\n","protected":false},"author":2,"featured_media":19979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-2347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China to avoid big fluctuations in property market: minister | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/china-to-avoid-big-fluctuations-in-property-market-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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