China to strengthen property price management

The central government of China will strengthen property price management throughout the year on expectations of lower inflation, said Zhang Ping, director of the National Development and Reform Commission.

According to a report from ShanghaiDaily.com, the Chinese government will further improve liquidity management and use multiple monetary policy tools, as well as continue to guide credit growth.

Mr. Zhang also said that prices of properties across major Chinese cities remains high, and the government will continue to tighten and strictly implement property policies.

In April, the government implemented further measures by restricting lending and raising down-payments in an effort to control property speculation.

“China will continue to implement policies to curb speculation in the property sector and boost home supply in the second half,” Zhang said.