Weekend: China's housing minister said government to promote purchase of existing housing ...Middle East

China's housing minister, Ni Hong, spoke on Sunday

said that the country's property market is showing signs of improvementgrowing confidence among buyersmarket continued its positive trajectory in January and February, stabilizing after previous declinesthe government plans to encourage the purchase of existing homes and accelerate urban village redevelopmentgovernment will accelerate lending for 'While List' projectsgovernment will give more autonomy to local governments for affordable housing purchaseslocal government special bonds to be used for purchasing idle land and housing stock This article was written by Eamonn Sheridan at www.forexlive.com.

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