Premier vows to tame "wild horse" of skyrocketing housing prices

16:08, February 27, 2010      

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Chinese Premier Wen Jiabao (L) chats with Internet surfers on two state news portals in Beijing, China, Feb. 27, 2010. (Xinhua/Ma Zhangcheng)

Live : Premier Wen gives online interview

Chinese Premier Wen Jiabao on Saturday said he was determined to tame the "wild horse" of the country's soaring housing market and to keep the prices at a reasonable level within his term as Premier.

The Chinese government will build five million affordable houses and reconstruct two million shanty houses this year to ensure the healthy development of the country's property market.

Wen made the remark during an online chat with Internet uses around the country and overseas at www.gov.cn and www.xinhuanet.com.

Source: Xinhua
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