The removal of restrictive housing measures in north China's Tianjin Municipality has been met with a positive market response, as more potential buyers headed out to inquire about purchasing property in the city.
Tianjin on Wednesday lifted restrictions on purchasing and transferring new and pre-owned homes as well as price caps on new commodity housing sales, according to a circular which was jointly issued by six government departments, including the municipal housing and urban-rural construction commission.
As the new policy took effect, several housing sales centers in Tianjin's Hexi District saw an increasing number of visitors, as more customers looked to explore property options.
"First, no matter whether the purchase is for a first, second or even more homes, the down payment for personal housing loans is at 15 percent in Tianjin. In addition, the mortgage rate of commercial loans has decreased by 0.6 percent from 3.85 percent to 3.25 percent. These measures have really benefited ordinary buyers," said Zhang Weiyu, a local resident.
Located not far from the capital Beijing, the port of Tianjin has a population of more than 13 million.
In late September, a meeting of the Political Bureau of the Communist Party of China Central Committee underlined the need for efforts to reverse the real estate market downturn and stabilize the market.
Following the meeting, Beijing and the megacities of Shanghai, Guangzhou and Shenzhen all adjusted their real estate policies, introducing a slew of measures to boost their local property markets, while other cities across China have subsequently followed suit.
Home buyers head out to explore options after Tianjin lifts housing restrictions
A Chinese envoy to the United Nations on Wednesday expressed strong opposition to and outright rejection of the remarks made by the representatives of the United States and the UK on the human rights situation in China, accusing them of fabricating and spreading falsehoods, and provoking political confrontation.
Dai Bing, China's deputy permanent representative to the UN, made the statement in addressing the Interactive Dialogue with the UN High Commissioner for Human Rights at the Third Committee of the 79th UN General Assembly.
In refuting the remarks made by the representatives of the U.S. and the UK, the Chinese envoy said that Xinjiang, Xizang, and Inner Mongolia of China enjoy prosperity and stability. The people of the Hong Kong Special Administrative Region enjoy a wide range of rights and freedoms in accordance with law. The lies about China have been readily debunked. The so-called assessment report of Xinjiang is a product of pure political coercion exerted on the Office of the United Nations High Commissioner for Human Rights (OHCHR) by the U.S. and the UK. It was already rejected by the Human Rights Council and is completely illegal, and null and void.
"It is the human rights conditions in the U.S. and the UK that need attention of the international community. It is the U.S. which turns a blind eye to the deaths of over 40,000 civilians in Gaza, violently suppresses peaceful student protests on campus domestically, and sends ammunitions externally to allow the fighting to escalate. It bears unshakable responsibilities for the humanitarian catastrophe in the Middle East. It is the UK which committed all kinds of crimes all over the world during hundreds of years of colonial rule, sowing the seeds of most of the wars and conflicts such as those between the Palestinians and Israelies and those in Sudan and Myanmar. To this day, it continues to fan the flames, bearing grave responsibility for these issues. It is the U.S., the UK, and a few other Western countries that have allowed the spread of Islamophobia and Asian hate, and continue to discriminate against and restrict ethnic minorities. Their loud claims to champion human rights are extremely hypocritical," Dai said.
He also called on all parties to practice true multilateralism, and to protect and promote human rights by ensuring security, advancing development, and enhancing cooperation, so as to jointly promote healthy development of the international human rights cause.
China stands ready to continue to cooperate with all countries and the OHCHR in the area of human rights on the basis of equality and mutual respect. It is hoped that the Office will fulfill its mandate in an objective and just manner and conduct constructive dialogue and cooperation with all countries, Dai said.
Chinese envoy refutes accusations on human rights by US, UK
