Goldman Sachs Chief China Economist Shen Hui: High-quality housing supply will become a key focus of future real estate policies

On April 29th, Goldman Sachs Chief China Economist Sheng Hui stated in an interview that in addition to the already implemented policies such as lowering mortgage rates, relaxing credit conditions, reducing transaction taxes and fees, and loosening purchase restrictions, the recent Central Political Bureau meeting also explicitly proposed increasing the supply of high-quality housing. For areas with poor living conditions, such as urban villages, if they can be transformed into high-quality housing through renovation and other means, this will be an incremental measure and may become a key focus of future real estate market policies. These measures will also directly stimulate investment in the real estate sector and contribute to China's GDP growth