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2017 National Two Conferences Focus on the hot spot of the property market
In March, the two sessions of the National People's Congress were officially opened. After a complicated year in 2016, the Chinese real estate market is at a crossroads. What is the future policy direction? Is the house price rising or falling? Both will be the highlights of this two sessions.
Real estate in government work report
      On March 5, 2017, Premier Li Keqiang made a "Government Work Report" at the National People's Congress. We have combed six aspects from it to give a glimpse of the development prospects of the real estate industry during the period of 2016 and the 13th Five-Year Plan.
Hotspots in the two conferences: The house is for living, not for speculation.
      At the end of 2016, the Central Economic Work Conference proposed that “the house is used for living, not for speculation”. This clarifies the direction of China's property market development in 2017, which is also an important highlight.
Two Clubs Property Hotspot 2: Tax System
      Lu Kehua, deputy minister of the Ministry of Housing and Construction, said in response to a reporter's question on February 23 that the real estate tax is a clear reform task for the Third Plenary Session of the 18th Central Committee. It is necessary to speed up real estate tax legislation and promote reforms in due course. The relevant departments are working in accordance with the requirements of the central government.
Two Clubs Property Market Hotspot 3: Regulation
      In the first half of 2016, the prices of first-tier cities and some hot-selling second-tier cities rose, and cities continued to introduce or limit purchases and limit loans to curb excessive housing price increases and control high leverage risks. The regulation of the property market will become one of the topics of the two sessions.
Proposed two sessions
      During the two sessions, what suggestions will the CPPCC National Committee members and NPC deputies have for the real estate market?
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          Before the two sessions, “the house was used for living, not for speculation” was repeatedly mentioned. I hope that the policies introduced in the future will allow the house to return to the property of residence and let more people buy the house.
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