China property players keen to help spur growth

The Central Economic Work Conference noted the significance of achieving stable growth in real estate, unleashing housing consumption potential, preventing and defusing major economic and financial risks, as well as making a smooth transition toward a new development model. — Bloomberg

SHANGHAI: By recognising the importance of the real estate industry to the larger economy, the annual Central Economic Work Conference, which concluded last Friday, has underlined how the industry’s stable development would contribute to macroeconomic stability in the coming year, officials and experts say.

The tone-setting conference noted the significance of achieving stable growth in real estate, unleashing housing consumption potential, preventing and defusing major economic and financial risks, as well as making a smooth transition toward a new development model.