China’s HousingMin: Property market remains stable overall

Wang Menghui, China’s Housing Minister, is on the wires now, via Reuters, making some comments following his reappointment.

Key Headlines:

Property market remains stable overall.

Will maintain consistency of housing policy.

Overly fast property price rise trend has been curbed.

To stick to property control measures.

Earlier today, China’s National Bureau of Statistics (NBS) reported a slowdown in the Chinese new home price growth, in the wake of a raft of government curbs that aimed to restrict speculative demand.