Wang Menghui, Minister of the Ministry of Housing and Urban -Rural Development, said that the real estate development and operation model of "high debt, high leverage, high turnover" formed in the past was not sustainable.The real estate project of the ministry's real estate project is the risk of overdue delivery of real estate projects, with the primary goal of "keeping in delivery, protecting people's livelihood, and stable stability" to ensure social stability.
The Chinese Official Media People's Daily published the content of Wang Menghui today.
Wang Menghui pointed out that the "high debt, high leverage, high turnover" real estate development and operation model formed in the past was not sustainable.It is not adapted to the requirements of high -quality development, and at the same time, many hidden risks have been accumulated.
He also said that the high -speed and large -scale construction in the past 40 years has accumulated some hidden dangers of risk, such as the aging of underground pipelines and unclear bottoms., Elected to update the transformation.
Wang Menghui also mentioned that since the second half of this year, the market expects to change due to factors such as the risk of debt default risks of individual real estate heads; for this reason, it will resolutely implement the CPC Central Committee's Economic Work ConferenceEarlier deployment, firmly insisting on the positioning of the house for living, not for speculation, and not using real estate as a tool and means to stimulate the economy in the short term.
Wang Menghui also emphasized that it will resolutely and effectively dispose of the risk of overdue delivery of individual real estate enterprises in the first real estate enterprise.Taking "keeping diplomatic relations, keeping people's livelihood, and stable stability" as the primary goal, in accordance with the requirements of the provincial and municipal coordinating work, based on the principle of marketization of the rule of law, ensure social stability, and the interests of the country and the masses are not lost.
