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China s Home Prices Climb Further as Undersupply Outweighs Curbs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
From:ChinaDaily | 2021-05-27 09:51
Credit rating system needed for enterprises to reduce, prevent business risks
The long-term rental housing sector is entering a boom with its market scale expanding to the trillion-yuan level, and the country s latest guideline on rental housing will provide policy support for guaranteeing the sector s healthy development, experts said.
China s existing rental housing market currently has a total asset value of some 500 billion yuan ($77.75 billion).
The central government has made it clear that a certain amount of residential land supply will be set aside for rental housing development during the 14th Five-Year Plan period (2021-25), which is expected to add more than 500 billion yuan in new assets to the sector in the coming five years, according to industry experts.
China’s factory output growth last month slowed from a jump in March, while retail sales missed analyst expectations, indicating more pressure on the recovery in consumption.
Industrial production grew 9.8 percent from a year earlier, slower than the 14.1 percent surge in March, Chinese National Bureau of Statistics data showed yesterday, but matching a consensus forecast by analysts from a Reuters poll.
Aluminum production rose 12.4 percent from March to a record monthly volume.
China’s economy showed a steady improvement last month, but new problems are also emerging, bureau spokesman Fu Linghui (傅令輝) told a news briefing in Beijing.
“The foundations for the domestic
Come rain or shine, homes near schools win on sustained demand By WANG YING in Shanghai | China Daily | Updated: 2021-05-03 08:22 Share CLOSE A pedestrian passes a property agency hanging a homes near schools on sale sign in Shenyang, Northeast China s Liaoning province, on March 6. [Photo provided to China Daily]
Major Chinese cities, including Beijing and Shanghai, have launched measures to cool down sales of school-qualified apartments, once much coveted by families with school-going children, said experts.
The Shanghai Municipal Education Commission announced in March it will reform senior middle school admission rules. This sparked speculation on the possible impact of the new rules on the city s overheated market of homes near schools.