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Premier Wen: Curbing housing prices a challenge

05-17-2010 13:03 BJT

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Chinese Premier, Wen Jiabao, says curbing the rapid rise in housing prices in some cities, is a challenge the government has to work on.

Wen Jiabao made the remarks on Saturday in the port municipality of Tianjin. The State Council has launched a series of policy moves, including raising mortgage rates and down payment requirements. The measures aim to cool speculation in the property sector, and counter excessive price increases.

Editor:Zhang Ning |Source: CCTV.com

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