News Snapshot:
BEIJING: China will maintain stability in the real estate market and strengthen the coordination and precision of real estate policies this year, the country’s housing minister said Thursday. The real demand for housing remains firm, Wang Menghui, head of the Ministry of Housing and Urban-Rural Development, told reporters at a press conference. The country will continue to eliminate any risk of project delivery by some individual property developers due to their defaults, Ni Hong, vice minister, said at the same press conference. (Reporting by Stella Qiu and Ryan Woo; Writing by Liangping Gao; Editing by Muralikumar Anantharaman)
