Caixin
Jun 27, 2022 08:09 PM
OPINION

Editorial: How to Keep the Economy Stable While Upholding ‘Houses for Living, Not for Speculation’

From January to May this year, the national total sales area of commercial properties fell 23.6% year-on-year, while the residential sales volume fell 34.5%. Photo: VCG
From January to May this year, the national total sales area of commercial properties fell 23.6% year-on-year, while the residential sales volume fell 34.5%. Photo: VCG

China has gradually implemented policies for stabilizing the economy and local governments are stepping up their efforts. In many places, real estate is being used as a tool to drive stable economic growth, while the regulation of the market has been relaxed in various ways. However, many of these actions are frivolous, and it is feared that they might revive property speculation. We must adhere to the principle of “houses are for living in, not for speculation,” and stop leveraging real estate to provide short-term stimulus to the economy.

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