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China's state planner says to stabilise property market expectations

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The Chinese government will stabilise property market expectations and increase land supply for housing projects in first-tier and some second-tier cities, the state planner said on Tuesday.

[BEIJING] The Chinese government will stabilise property market expectations and increase land supply for housing projects in first-tier and some second-tier cities, the state planner said on Tuesday.

The National Development and Reform Commission (NDRC) issued a 10-point guideline seeking to reinvigorate domestic consumption as the country experiences severe overcapacity.

Measures included lowering the cost of logistics, boosting car sales and improving the quality of housing projects, according to a statement on the commission's website.

REUTERS