CPC hold a press conference on Friday to introduce and interpret the spirit of the 20th Third Plenum.

Will encourage the development and expansion of the private economy.

Should promote state-owned capital and enterprises to become stronger, better, and bigger, enhance their core functions and competitiveness, on the other hand, should create a good environment, and opportunities for private enterprises.

The current supply and demand relationship in the realestate market has undergone significant changes, and the market is in the process of adjustment. Going forward, it is necessary to accelerate the establishment of a new model for real estate development, eliminating the drawbacks of the past model characterized by high debt, high leverage, and high turnover. Fundamental systems for financing, taxation, land, and sales that are compatible with real estate development should be established.