BEIJING -- China is formulating a set of property control measures that will have long-lasting effects, and will unveil the measures at an appropriate time, an official said Tuesday. "The country's opposition to real estate speculation will not change," Ning Jizhe, deputy head of the National Development and Reform Commission and head of the National Bureau of Statistics (NBS), said at a press conference. He did not give any timetable for the release of the new measures. Late last year, China made it clear that "houses are built to be inhabited, not for speculation," according to a document issued after the central economic work conference. This year, local governments have taken new measures to rein in speculation and promote stable and healthy development of the real estate market, including tougher restrictions on home purchases and obtaining loans. "Current property curbs will continue to play their roles," Ning said. In the past few years, first-tier and some second-tier cities took effective measures to rein in rocketing home prices, while smaller cities moved to reduce their housing inventories, he added. Property sales continued to cool in the first eight months of this year, NBS data showed. In terms of floor area, commercial housing sales gained 12.7 percent, down 1.3 percentage points from January-July. Meanwhile, the area of unsold commercial housing stood at 623.5 million square meters at the end of August, down by 12 percent from a year earlier. bulk custom braceletspersonalized rubber braceletsuv braceletcustom livestrong braceletscustomise fidget spinner
An ARJ21-700 plane lands after a test flight at an airport in Dongying, East China's Shandong province, Oct 14, 2017. The Chinese-developed regional jetliner, which has the BeiDou navigation system installed, has successfully completed a test flight, the Commercial Aircraft Corporation of China (COMAC) said Saturday. [Photo/Xinhua] A Chinese-developed regional jetliner, which has the BeiDou navigation system installed, has successfully completed a test flight, the Commercial Aircraft Corporation of China (COMAC) said Saturday. The test flight was carried out from an airport in east China's Shandong Province on Saturday morning. It was the first time a domestically-produced regional jet has been equipped with the BeiDou navigation system. The flight tested the performance of the onboard navigation information receiver, the ground-based signal enhancement system, and the short-message function of the BeiDou system. The results showed the performance of the navigation systems developed by China is on par with similar systems produced abroad, and even reaches internationally advanced level in transient and quick positioning index, COMAC sources said. The BeiDou navigation system has seen increasing numbers of applications linked to everyday life, from shared bicycles to bank cards and unmanned patrol vehicles.
