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China to keep property market stable in 2018; focus on affordable housing

It will maintain the position that homes are for living in, not for speculation: government report

An elderly woman checking out the prices of houses at a local real estate office in downtown Shanghai. Average new home prices in China's 70 major cities rose 5 per cent in January from a year earlier.


CHINA aims to pursue "stable and healthy development" of the property market in 2018 with an increased focus on providing affordable housing and developing the rental market, Premier Li Keqiang said in a government work report released on Monday.

"China will maintain the...

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