Looking ahead

Events and stories coming up in the next few days

Shanghai plans to stabilize property market

Shanghai will take a series of measures in the next few weeks in an effort to stabilize its red-hot property market. The city has decided to make more land available for commercial housing construction. A team comprising members from government departments will be formed to regulate the funding sources for land purchases. Shanghai will also enhance supervision of the purchase of homes that have previously been owned but never used.