China to prevent disorderly expansion by property developers

Kitco Media
By Reuters
Published:
Updated:
Reuters
BEIJING, March 5 (Reuters) - Risks remain in China's property market, and the government will promote the sector's stable development and prevent disorderly expansion by developers, according to a government report released at the opening of the annual meeting of parliament on Sunday. Beijing will effectively ward off risks for high-quality property firms, while also supporting demand for housing, the report said.



(Reporting by Liangping Gao and Ryan Woo; Editing by Simon Cameron-Moore)

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