After Xi Jinping said “Housing is for living in and not for speculation,” and China will “build a housing system featuring multiple suppliers and various channels of support that encourages both housing rentals and purchases” at the party’s 20th national meeting, the party media reported that “policy has set the tone” for Chinese property development in the next five years.
While policy could affect the direction of the market, the market itself is the key for development, a financial expert told The Epoch Times.