China will adopt a forward-looking vision and accelerate the establishment of a new development model in real estate industry, providing safe and comfortable, green and smart houses for its people, according to a senior official.
At the China Economics Annual Conference held in Beijing on Saturday, Dong Jianguo, vice minister of housing and urban-rural development, said the real estate industry will focus on high-quality development instead of just pursuing rapid growth. Enterprises will be encouraged to improve the quality of their projects to provide safe and comfortable, green and smart houses and better meet people's demands for high-quality homes.
Dong also said efforts will be made in improving the supply-demand system to ensure people’s essential need for a home to live in and their different demands for better housing. The government will also support the development of rental housing market, according to the vice minister.
"We will reform and improve the sales system for commercial housing, actively promote the sales of completed apartments. Regarding pre-sales, we will optimize supervision of pre-sale funds to prevent any new delivery risks. We will establish a comprehensive safety management system for residential buildings throughout their lifecycle, to promptly identify potential safety hazards. Our goal is to ensure that housing lifecycle safety management is valid and guaranteed," said Dong.
China pledges new development model for real estate industry: official
China's consumer goods industry got off to a good start in 2026, with main indicators registering steady growth in the first two months, according to the data from the Ministry of Industry and Information Technology.
The value added of enterprises above the designated size -- whose annual main business income reaches 20 million yuan (about 2.93 million U.S. dollars) or more -- in this sector increased by 4.8 percent year on year in January and February, accounting for 29.2 percent of the total value added, 3.1 percentage points higher than that of last year. Among the 14 major industry categories, 10 achieved positive growth.
In the two months, these enterprises achieved a business revenue of approximately 5.1 trillion yuan, up 4.4 percent year on year, while the total retail sales of consumer goods exceeded 8.6 trillion yuan, a year-on-year increase of 2.8 percent.
"The first two months were in the traditional peak consumption season, driving the growth of orders and helping to unleash production capacity in the consumer goods industry. Some emerging consumption patterns, such as experience consumption and trendy toy consumption, grew rapidly, and the supply market showed a diversified growth trend," said Dai Xiaoxia, deputy director of the Institute of Consumer Goods Industry Research of China Center for Information Industry Development.
In terms of foreign trade, exporters above the designated size delivered consumer goods worth around 592.54 billion yuan, up 2.2 percent year on year, with the pharmaceutical manufacturing industry, the papermaking and paper products industry registering relatively rapid growth.
China will increase the supply of high-quality products in the consumer goods industry, steadily promoting the intelligent, green and integrated development of the sector.
China's consumer goods industry posts steady growth in first 2 months
