Li Keqiang: The real estate issue is a big issue, as it directly concerns home of the people. The goal of the government is to ensure adequate housing for the people. We need to take differential measures in response to diverse needs and in light of different situations in different cities. I believe the government needs to focus on and do more to meet the people’s basic housing needs. Now, up to 100 million people still live in those contiguous poor urban rundown areas, and these people lack their basic living conditions. For example, several hundred people have to share one toilet, and in places in Northern China, people have to wear cotton-padded coats and hats when they go to sleep on a winter night. This is deeply distressing for the government. We will rebuild more rundown areas this year, and the goal is to rebuild at least over 4.7 million rundown houses. At the same time, we will also build more government-subsidized housing, such as public rental housing to ease the housing difficulty of those young people who have just entered workforce and rural migrant workers, and ensure that these housing units will be distributed equitably. In this regard, even a small action is a lot more important than a thousand words. There will be policy support for reasonable housing needs for self-living. The government will increase the supply of ordinary commercial housing. We will take a differential approach in regulating the housing market for different places. We will curb the housing needs for speculation and investment purposes, and establish a long-term mechanism to promote steady and sound growth of the housing market.
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