China, Hungary should continue to enrich partnership to bring more benefits to people of both nations: Xi

China

China, Hungary should continue to enrich partnership to bring more benefits to people of both nations: Xi

2024-07-08 15:16 Last Updated At：07-09 00:47

China and Hungary should continuously enrich the content of their all-weather comprehensive strategic partnership for the new era to better benefit the people of both countries, said Chinese President Xi Jinping in Beijing on Monday.

Meeting with visiting Hungarian Prime Minister Viktor Orban at the Diaoyutai State Guesthouse, Xi noted that the elevation of China-Hungary relations achieved during his state visit to the Central European country in May has given new historical significance to and injected strong momentum into bilateral ties.

"Two months ago, I paid a state visit to Hungary, which was a complete success. During my visit, China-Hungary relations were elevated to an all-weather comprehensive strategic partnership for the new era. That move has given new historical significance to the 75th anniversary of the establishment of diplomatic relations between our two countries and injected strong momentum into the high-level development of China-Hungary relations," said Xi.

He emphasized that the two nations should continue to support each other and enrich the content of their relationship to bring more benefits to their people.

"Next week, the third plenary session of the 20th Communist Party of China (CPC) Central Committee will convene in Beijing. China will further comprehensively deepen reform, promote high-quality development, and enhance high-level opening-up. This will provide new opportunities, inject new vitality, and open up new space for China-Hungary cooperation. We should continuously enrich the content of the all-weather comprehensive strategic partnership for the new era between China and Hungary to better benefit the people of both countries," said the Chinese president.

For his part, Orban said Xi's historic state visit to Hungary two months ago holds longstanding significance for the nation and the people.

"Your Excellency, Mr. President, two months ago, your historic state visit to Hungary laid the foundation for the friendship between Hungary and China for the generations to come. Your visit to Budapest will benefit Hungary's development for decades, leaving a lasting impression on generations of Hungarians," said the Hungarian prime minister.

Adjusted policies motivate China's home sales: experts

2024-10-06 18:22 Last Updated At：18:37

With the introduction of new real estate policies in China's four major cities, industry insiders believe that the measures taken by multiple departments will help boost market confidence and contribute to the recovery of the property market, with first-tier cities leading the trend.

In late September, major Chinese cities including Beijing, Shanghai, Guangzhou, and Shenzhen introduced a new wave of real estate policy adjustments aimed at revitalizing the property market.

Starting October 1, Beijing introduced new property policies focused on easing purchase restrictions and increasing credit support. The minimum down payment for first-time home buyers has dropped from 20 percent to 15 percent, and from 30 percent to 20 percent for second homes - easing financial pressure and facilitating both first-time buyers and those looking to upgrade their homes.

Beijing’s real estate market has shown promising signs under these policy incentives. In the three days following the new policy release, the number of viewings for new homes in the Chinese capital increased by 92.5 percent compared to the same period last year, with purchase agreements doubling. Viewings for resale homes also rose by 104.1 percent year on year.

"Since the new policies came out, we've seen a rise in customer inquiries, whether they're looking to buy or sell a home. The number of customer viewings has also increased. Around 90 percent of them are looking to upgrade their homes. Some clients previously lacked confidence, but the new policy has made many feel that now is a good time to make a move," said Wu Bei, regional manager of Maitian Real Estate Agency.

In addition to Beijing, other first-tier cities such as Shanghai, Shenzhen, and Guangzhou have introduced similar measures, including lower down payment requirements and eased district-specific purchase restrictions.

"As the new policies take effect, we expect a rise in visits to real estate agencies and property viewings after the National Day holiday. We also anticipate that property prices will soon stabilize across the country, driven by Beijing and other top-tier cities," said Zhao Qingxiang, secretary general of the Beijing Real Estate Agency Association.

According to the Ministry of Housing and Urban-Rural Development, cities conducting promotional activities reported over a 50-percent year-on-year increase in visits to real estate projects during the week-long National Day holiday. Some properties in Guangzhou saw over 150 visits per day, up 200 percent from normal levels.