March 19, 2018 / 4:28 AM / a month ago

China to increase property market regulation to fend off illegal conduct

BEIJING, March 19 (Reuters) - China will step up property market regulation and fight off illegal conduct by property firms and intermediaries, housing minister Wang Menghui said on Monday on the sidelines of the annual parliament meeting.

Wang also said China will maintain consistent housing policy to ensure “homes are for living in, not for speculation. (Reporting by Shu Zhang; Writing by Yawen Chen; Editing by Sam Holmes)

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