In Beijing on December 4, 2012, the CCP Central Committee’s Political Bureau held a meeting on the economic work to be done in 2013. The result of the meeting was that China will continue to strengthen its control over real estate pricing.
The meeting set the direction for the year 2013 as follows: maintain the continuity and stability of macro-economic policies and apply appropriate precautionary adjustments and micro adjustments to the economy; try to expand domestic demand and continue strict control over over-production; maintain the stability of the general price level and regulate market prices and fee structures; improve people’s living standards and strengthen control over real estate pricing.
Source:
Huanqiu, December 4, 2012.
http://china.huanqiu.com/politics/2012-12/3344280.html