Governmental Think-Tank Suggests Suspending Issuing New Policies Tackling the Property Market
Published:
2010-08-13
The China Real Estate Enterprises Management Association (CREMA)has advised the State Council many times to suspend the issuing of new policies tackling the property market, said Zhu Zhongyi, vice chairman of CREMA, at a meeting held in Boao, Hainan Province. He went on to say that with current policies aimed at curbing the speculative property market, land purchases, and development, investment has fallen and both upper and lower reaches of the property sector have been negatively affected.
Source
21 Century Business Herald
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