Better support for housing emphasized

Cabinet meeting calls for efforts to further refine real estate policies

China will optimize its policies pertaining to the property sector and scale up the supply of high-quality housing projects so as to ensure the stable and healthy development of the real estate market, the State Council, the country's Cabinet, said on Friday.

It stressed at the State Council Executive Meeting, chaired by Premier Li Qiang, that the real estate industry chain affects a wide range of sectors, and has a direct bearing on the well-being of the people and overall economic and social development.

Over the past year, local governments have implemented region-specific measures — such as the timely delivery of presold homes and reductions in mortgage interest rates — to optimize regulation of the real estate market and effectively safeguard against systemic risks, the meeting said.