According to a report of ‘21st Century Business Herald’, Jian Weixin, the minister of housing and urban construction ministry, said local government will not be allowed to put forward new tax and financial policies to stimulate real estate market in this year.
Jian Weixin made such comment at the national work conference on construction of this year.He asked each local government to take on the responsibility of maintaining the stabilization of real estate market.
Jian Weixin pointed out each local government could put forward new policies according to local reality, but in order to enhance the seriousness and legality of local government, local government will not be allowed to put forward new tax and financial policies which overstep their authority.