Housing should be for living in, not speculation: Xi Jinping

Beijing

CHINESE President Xi Jinping renewed his call to ensure housing market stability and pledged that authorities will help meet demand by adding more supply of homes.

"Houses are built to be inhabited, not for speculation," he said on Wednesday in his address at the 19th Party Congress Wednesday in Beijing. "China will accelerate establishing a system with supply from multiple parties, affordability from different channels, and make rental housing as important as home purchasing," he added.