Analysts say changes to rhetoric in the government work report regarding China’s property sector, released last Thursday, signaled further policy easing.
Addressing the opening of the 3rd annual session of the 12th National People’s Congress (NPC), China’s top legislature, Premier Li Keqiang said China would support demand for housing and promote the development of the real estate market.
The government in Y 2015 plans to build 7.4-M government-subsidized housing units, up from 7-M in Y 2014, of which 5.8-M will be in underprivileged urban areas, an increase of 1.1-M over last year.
http://www.livetradingnews.com/policy-easing-ahead-chinese-property-market-98420.htm#.VRoZePmUd8E
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