Economics
Housing Should Be for Living In, Not for Speculation, Xi Says
- Says housing supply will be supplemented by multiple policies
- Reference closely echoes language issued by panel in December
What Xi's Party Congress Speech Means for Investors
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Chinese President Xi Jinping renewed his call to ensure housing market stability and pledged that authorities will help meet demand by adding more supply of homes.
"Houses are built to be inhabited, not for speculation," Xi said in his address at the 19th Party Congress Wednesday in Beijing. "China will accelerate establishing a system with supply from multiple parties, affordability from different channels, and make rental housing as important as home purchasing."