Construction of more low-cost housing is urged at an executive
meeting of the State Council Wednesday, in order to sustain the
development of China's fledgling real estate sector.
The Chinese Ministry of Construction presented a report to the
executive meeting of the State Council, which was convened to
discuss the development of the real estate market and
re-employment.
Members of the State Council agreed that the development of the
real estate industry could only be sustained by building more
economical apartments for low-income families, further reforming
the housing system, increasing mortgage loans, improving management
of the planning and controlling the supply of land to developers,
and strengthening market supervision.
The meeting also heard a report by the Ministry of Labor and
Social Security on re-employment, analyzed the re-employment
situation, and studied new measures to help laid off factory
workers find new jobs.
Meanwhile, the members approved in principle drafts of the
Provisions on the Administration of Marital Registration and the
Provisions on the Administration of the Practice of Rural
Doctors.
The two regulations are expected to promulgated and enacted by
the State Council after further amendments.
The meeting was presided over by Premier Wen Jiabao.
(Xinhua News Agency July 30, 2003)