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China will fend off risks in property market - land minister
March 8, 2017 / 10:13 AM / 9 months ago

China will fend off risks in property market - land minister

BEIJING (Reuters) - China will curb speculative land purchases as it looks to fend off risks in the property market, land minister Jiang Daming said on Wednesday.

A new residential quarter of the Country Garden is seen in Shanghai, China, February 10, 2017. REUTERS/Aly Song

City governments will be required to publish medium-term residential land-use plans in order to provide a more stable outlook for market participants, said Jiang, speaking in Beijing on the sidelines of China’s parliament.

Reporting by Yawen Chen and Beijing Monitoring Desk; Editing by Simon Cameron-Moore

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