China tries to raise transactions, housing construction

01/6/2009 | Wall Street Journal, The

House prices in China remain unaffordable for most, prompting officials in that country to call for "reasonable prices" as property markets try to recover. "The healthy growth of the property sector is very important for the economy's healthy growth, for fostering consumption and for improving people's lives," said Huo Yingli, deputy director of the central bank's financial market department.

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