Beijing to refine city-specific property policies

Steady demand: A man walks on an overpass as a skyscraper is shrouded in fog in Beijing. The property market in China has been running steadily since the beginning of the year. — AFP

BEIJING: China’s financial departments will work to improve city-specific policies in the real estate market.

The supply-and-demand relationship in the real estate market has undergone profound changes, so there is room to improve the policies introduced during the overheated stage of the market, said Zou Lan, head of the monetary policy department of the People’s Bank of China.