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Ministry backs property moves

By Guan Xiaofeng | China Daily | Updated: 2008-10-20 07:37

Ministry backs property moves

The central government endorses local governments' measures to revitalize property markets, a senior official said on Saturday.

"Local governments should be allowed certain freedom in formulating real estate policies," Qiu Baoxing, vice-minister of housing and urban-rural planning, said at the China Mayors Forum in Shenzhen, Guangdong province.

"I believe each city government is capable of adopting sensible measures suited to local conditions."

Ministry backs property moves

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