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Shanghai vows to promote delivery of homes, keep property market sound

Shanghai vows to promote delivery of homes, keep property market sound

FILE PHOTO: Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song/File Photo

BEIJING : China's commercial hub Shanghai said it will strengthen efforts to promote delivery of residential houses and ensure the steady and sound development of the property market, according to a local government statement of policy support on Wednesday.

The COVID-hit city released 22 economic measures to prop up growth, including offering subsidies to film theatres and gyms.

Source: Reuters

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