China must firmly maintain its property
tightening measures to cool housing prices, Premier Wen Jiabao was
quoted as saying on Saturday, underscoring official concerns about
renewed bubbles as the central bank ratchets up policy easing to support
growth.
Wen
made his remarks after the central bank cut interest rates again this
week, fuelling fears of renewed housing inflation amid signs the vast
property sector is warming up.
"Currently,
the property market adjustment is still at a crucial stage and we must
unswervingly continue the work and make the fight against speculative
property investment demand a long-term policy," the official Xinhua news
agency quoted Wen as saying during a trip to the eastern province of
Jiangsu.
Wen repeated his longstanding pledge to achieve "a reasonable pull-back" in housing prices, but did not elaborate.
"We must not allow housing prices to rebound that will waste all of our previous efforts," he was quoted as saying.
Home
prices inched up in major cities in the second quarter from the
previous quarter and some cities also saw new residential apartments
picking up in June from May, Wen said.
"Market
expectations about the trend of housing prices have showed some changes
and people are generally worried about a rebound in housing prices,"
Wen said.
Read more: http://www.cnbc.com/id/48108799
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