China supports all efforts conducive to the peaceful settlement of the Ukraine crisis, Foreign Ministry spokesman Lin Jian said at a press briefing in Beijing on Tuesday.
Lin made the remarks in response to a media query about a report stating that Russia and Ukraine are working to reach a peace agreement.
"Since the outbreak of the Ukraine crisis, China has maintained close communication with relevant parties, including Russia and Ukraine, and stayed committed to a ceasefire and peace talks. Our efforts are there for all to see. China supports all efforts for peace and will continue to play a constructive role to that end," said Lin.
Lin also commented on Ukraine's new package of sanctions against Russian entities and individuals who facilitate Russia's aggression, which will include nationals of other countries, including China.
"China opposes unilateral sanctions that violate international law and lack the authorization of the UN Security Council. We urge Ukraine to stop pursuing the wrong course at once. China will firmly protect the legitimate and lawful rights and interests of Chinese companies and nationals," said Lin.
China supports all efforts conducive to peaceful settlement of Ukraine crisis: spokesman
China's top housing authority has pledged to stabilize the real-estate market, rolling out a package of measures centered on city-specific policies to reduce inventories and optimize housing supply.
At a national conference held in Beijing on Tuesday, the Ministry of Housing and Urban-Rural Development announced that stabilizing the real estate market will be a central priority next year.
In 2026, local governments across China are expected to focus on city-specific policies aimed at controlling new housing supply, reducing existing inventory, and optimizing housing availability. Efforts will be integrated with urban renewal projects and the redevelopment of urban villages to revitalize and better utilize existing land resources. Authorities will also promote the acquisition of unsold commercial housing stock for conversion into affordable housing, resettlement units, dormitories, and apartments for skilled professionals.
The supply of government-subsidized housing will be optimized and implemented with greater precision, while a national housing quality improvement initiative will advance the orderly construction of "good homes." The role of the real estate project "whitelist" system will be further expanded to support the reasonable financing needs of property developers.
Municipal governments are encouraged to make full use of their autonomy in real estate regulation, adjusting and refining housing policies as appropriate to support both rigid and improvement-oriented housing needs, thereby fostering stable operation across local property markets.
China will also accelerate the formation of a new development model for the real estate sector. This includes building a foundational institutional framework, solidifying the corporate-based project development model, implementing a lead bank system for real estate financing, and promoting the sale of completed homes, effectively reducing the risk of delivery failures. For areas that continue with pre-sale practices, stricter oversight will be applied to the management of pre-sale funds to protect buyers' legal rights.
At the same time, reforms to the housing provident fund system will be deepened. The government will launch a campaign to improve the quality of property services and explore a new model of community governance led by grassroots Party organizations in collaboration with neighborhood committees, homeowners' associations, and property management companies. Moreover, the "property services plus lifestyle services" model will be explored, expanding property-related services into households.
China pledges to stabilize property market
