People’s Daily reported on January 27, 2011, that the State Council Executive Meeting chaired by Chinese Premier Wen Jiabao just announced eight new regulations for the real estate market: (1) Take it one step further and hold local governments responsible for achieving stabilization of the real estate market; (2) Have the Housing Project for Low-Income Families initiate new construction; (3) Adjust the relevant tax policies; (4) Improve differentiated home loan policies for different types of families; (5) Strictly manage the supply side of land available for housing; (6) Reasonably guide the demand side of the housing market; (7) Implement mechanisms for government officials’ accountability; (8) Continue to guide the media as well as public opinion.
Source: People’s Daily, January 27, 2011
http://politics.people.com.cn/GB/1024/13824772.html