Premier Li Keqiang has pledged to stabilise the mainland property market, which has seen prices surge in megacities but excess inventories grow in others.
The authorities would take different actions for different cities to ensure a healthy market, Li said on Thursday at the Boao Forum for Asia, held annually on Hainan island in southern China.
“In particular, [we will] attach great importance to those who have housing difficulties, and at the same time prevent high volatility in the property market,” he said.
He renewed calls for Asian countries to set up a financial cooperation body to promote growth and avoid market turmoil.
“[We should] have better coordination in terms of macroeconomic policies, oppose all forms of trade protectionism,” he said. “In particular, developed countries should adopt more growth-friendly policies and avoid spillover effects from their policy adjustments.”
Li said eight years had passed since the last major international financial crisis, but its profound impacts had yet to be eliminated.
“The recovery remains uneven in emerging economies and sluggish in the developed ones,” he said.