China to hasten restructuring work model for real estate industry, ET RealEstate
BEIJING: China will hasten work on restruturing its property industry to stamp out previous features such as high debt, turnover and leverage, a senior party official for financial and economic affairs said on Friday.
It is necessary to establish a basic system of financing, taxation and land sales compatible with the development of real estate, the official, Han Wenxiu told a press conference in Beijing after a key party meet ended on Thursday.
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