The housing sector has been a significant concern for Chinese policymakers as they attempt to address market challenges and restore stability to this important economic segment.
China will obtain a comprehensive and accurate assessment of housing projects currently under construction and work to stabilize market expectations, according to state broadcaster.
The report, which cited a cabinet meeting, indicated that Chinese authorities plan to promote the construction of "good housing" by providing support through land, fiscal and financial measures.
These initiatives are part of broader government efforts to halt the ongoing decline in China’s real estate market, the cabinet meeting stated.
