The Central Economic Working Conference which concluded on December 6, 2016 identified the development direction of China’s real estate industry in 2017. It stressed that we should promote the steady and healthy development of the real estate market, stick to the principle of “houses for living, not for speculation”, and accelerate research and establishment of basic systems and long-term mechanisms that are in line with national conditions and market laws through comprehensive application of financial, land, finance and taxation, investment, legislation and other means, in order to both avoid the burst of real estate bubble and prevent significant fluctuations. In this respect, Professor Liu Zhibiao, Dean of Yangtze IDEI, held discussions with many well-known experts and scholars at home and abroad on the topic on “Restoring the Consumer Goods Attributes of Real Estate Through the Basic Systems and Long-term Mechanisms”.
