China Will Continue Tightening of Property

Chinese Prime Minister Wen Jiabao said on Saturday at the State Council conference that the state must continue to firmly tightening the property for the remainder of this year, according to the official website of the Chinese government.

Prime Minister Wen Jiabao said local governments should take responsibility for carrying out strictly in the existing policy. The state must increase the supply of land for the use of public housing and help get the correction in property prices are reasonable, said Wen.

Premier Wen also said the Chinese government would make economic policy more accurate, flexible and forward looking and "adjust" its policy in a timely manner with an appropriate degree.