Goldman Sachs Chief Economist for China, Shin Hui: Supply of high-quality housing will become the focus of future real estate policies.

On April 29th, Shen He, Chief China Economist at Goldman Sachs, stated in an interview with reporters that in addition to the policies already implemented such as lowering mortgage rates, relaxing credit conditions, reducing transaction taxes and fees, and loosening purchase restrictions, the recent Central Political Bureau meeting has 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 focal point of future real estate market policies. These investments in the real estate sector will directly drive China's GDP growth.