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People's Daily Online>>China Politics

Chinese vice premier urges expanding domestic demand, keeping property curbs


08:01, December 16, 2011

BEIJING, Dec. 15 (Xinhua) -- Chinese Vice Premier Li Keqiang on Thursday called for expanding domestic demand to be given a higher priority amid a grim economic outlook and unwavering restrictions on the property market.

China should boost domestic demand to advance economic restructuring and put restructuring "in a more prominent position" while maintaining economic growth and price stability, Li said during a national symposium on development and reforms.

The government should help low-income groups earn more, increase the proportion of middle-income groups and stimulate employment to improve residents' consumption power, said Li.

Meanwhile, he reiterated that authorities will not waver in regulating the property market.

"We should continue to curb speculative investment in the housing sector and increase the supply of commodity houses to promote healthy development of the market," Li said.

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