Real estate finance policy to be stable

China will maintain a consistent and stable policy on real estate finance and avoid using the property sector to generate a short-term stimulus to the economy, according to a central bank report. The country will continue to stick to the principle that "houses are for living in, not speculation," said the report on the country's regional financial operation in 2019.

New steps to boost rural e-commerce

Authorities have detailed new measures to boost e-commerce in rural areas, pledging diversified financial support to tap consumption potential in the underdeveloped market. China will accelerate the building of a more efficient circulation system for agricultural products and a modern market system, according to a joint work plan released by government agencies, including the Ministry of Finance and the Ministry of Commerce.

Xinhua