Premier said China’s real estate market still has considerable room for development
On April 15, 2025, Premier Li Qiang listened to reports in Beijing on the revitalization and reuse of existing housing and the conversion of commercial housing into talent apartments. Premier Li Qiang pointed out that purchasing existing commercial housing for use as affordable housing is an important measure to stabilize the real estate market and improve people’s livelihood. Relevant policies should be implemented well, granting cities greater autonomy in terms of the purchasing entity, price, and usage, and new supportive measures should be promptly studied and introduced. He said that China should further promote urban renewal, intensify the renovation of…
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