Hey, real estate enthusiasts! 🏡👋 Big news from the Chinese mainland! Vice Premier He Lifeng is turning up the heat on the property market, and it's all about making sure your dream home gets delivered on time! ⏱️✨
On a recent trip to the buzzing cities of Taiyuan and Xi'an, He Lifeng, who's a top member of the Political Bureau of the Communist Party of China Central Committee (that's like the VIP club of Chinese politics 😎), dropped some serious insights. He believes the property market is like the economic heartbeat 💓 of the country, and a strong one means good vibes for everyone!
So, what's the deal? Back in January, China rolled out a cool \"white list\" mechanism for real estate. Think of it like a VIP list for high-quality property projects. 🏆 Local governments pick the best of the best and hand over the list to commercial banks. Then, these banks decide if they wanna hop on board with financial support, kinda like backing your favorite startup! 💰🚀
He Lifeng is calling on everyone to amp up this mechanism. He wants to fast-track the projects that need a little TLC to meet the \"white list\" standards. Plus, he's nudging financial institutions to speed up those loan approvals and get the cash flowing. Cha-ching! 🤑
But wait, there's more! To make sure homes are not just built, but built well and on time, the vice premier is suggesting we widen the net. That means supporting all qualifying commercial housing projects that are currently under construction and already sold. It's like giving everyone a fair shot! 🎯
He's also pushing for existing commercial housing to be transformed into affordable housing. Affordable homes for everyone? Yes, please! 🏠❤️ And to make that happen, he's emphasizing the need to effectively implement policies that support affordable housing, helping to reduce the surplus in the market.
During his trip, He Lifeng didn't just talk property. He also swung by some mega supermarkets in Taiyuan and checked out key foreign trade enterprises in Xi'an. 🛒🌍 He was gathering the 411 on trade-in programs for consumer goods and seeing how exports are doing.
It's clear that the Chinese mainland is gearing up to make waves in the property market, ensuring economic growth and keeping the people's interests at heart. Stay tuned for more updates! 🌐💡
Reference(s):
Chinese vice premier urges expansion of property support mechanism
cgtn.com
