What they say
China Daily | Updated: 2014-12-16 07:23
Recent macroeconomic data show that 2015 may present challenges for an economic recovery, and it will take profound reforms to upgrade industries from low value-added outputs to higher ones.
Real estate has long been the nation's key economic engine, but it is no longer as important as it was. The government wants to ensure that no systemic financial risks will materialize, by developing high-technology industries and the capital market and tightening rules on local government debt.
YANG HONGXU, deputy head of research at Shanghai E-House Real Estate Research Institute
Photo
