Nation is balancing reforms and risks, NDRC chief says

Minister pledges prudent policy to curb property speculation

China will continue to deepen its supply-side structural reform to address economic imbalances while holding the bottom line to contain risks in the financial and property markets, the head of the top economic planner said on Sunday.

He Lifeng, minister of the National Development and Reform Commission, warned about the tendency of capital abandoning real economic activities and engaging in financial speculation, as well as excessive funds flowing into the property sector.