Annual policy meeting maps the road ahead

China will roll out measures to reduce its property inventory and stabilize its ailing housing market, according to a statement released on Monday after a key policy meeting.

Attendees at the Central Economic Work Conference agreed that rural residents relocating to urban areas should be allowed to register as city residents, which would enable them to buy or rent property.

In addition, a low-rent public housing program would cover those without household registration, the statement said.