China Press: Growth in China’s real estate investments likely to slow in 2018

Zhu Baoliang, Chief Economist at China’s State Information Center, a think tank, was reported by Reuters as saying that the property investment in China will grow by about 6% in 2018.

Additional headlines:

Down by about 1% from 2017.

"The value and volume of property sales started to fall after peaking in the first quarter of this year as real estate regulations strengthened and monetary policy became more stable and neutral, and this could continue into the second half of 2018."

Said more housing system reforms were needed in order to curb speculative property demand.

Soaring prices were not conducive to sustained and healthy economic development for the long-term.

Reforms could include introducing a mechanism to increase land supply based on a city's population inflow, accelerating the introduction of tax legislation and developing agencies to provide long-term stable rental housing.