国务院房地产督察组在行动

In Shanghai, an inspection team has randomly selected a project from the city's real estate catalog for further investigation. Guo Qingping, head of the team, talks about what they are focusing on during the inspections.

"Our inspection team mainly focuses on three aspects: first, the qualifications of the real estate developer; second, those houses for sale and their prices; the third is the implementation of differential credit policies. We'll particularly inspect if the houses for sale and the prices are transparent."

In addition, the inspection team will also examine local banks that grant loans to homebuyers, especially the procedure of granting loan.

According to the State Council, the inspection aims to further ensure the implementation of property regulation measures, curbing speculative housing demand, and ensuring the effects of property regulation measures.

A report by the National Bureau of Statistics indicates that twenty-five major Chinese cities saw a rebound in the price of new real estate projects in June. Take Shanghai for example. Housing prices there have been rising since April, which was seen as a turning point. Many people became worried that housing prices were started to go up again.

Liu Haisheng, Director of the Shanghai Municipal Housing Support and Building Administration Bureau, gives his view of the city's housing market.

"Based on the current situation, most buyers have rigid housing demands. We can hardly say that there is a rebound in housing prices. We found that some real estate agencies misled potential homebuyers through advertisements in hopes of increasing their sales volume, so we will make efforts to crack down on false advertising in the real estate market."

Liu adds although housing prices in July were a bit higher than those of the previous month, they were actually lower than those of the same period last year.

Apart from Shanghai, the inspection teams will also go to other cities and provinces, including Beijing, Tianjin, Shanghai, Chongqing, Hebei, Jiangsu, Zhejiang and Fujian.

They will inspect how well housing purchasing limit policies and differential credit policies have been carried out, and check the supply and management of residential land and the implementation of tax policies.

The inspection teams will also urge regions where property regulation measures are not strictly followed to make rectifications.

The announcement of sending inspection teams came after the country's property market showed signs of warming following the government's efforts to stimulate the slowing economy in recent months.

China's economy grew 7.6 percent in the second quarter, the lowest level in more than three years, sparking speculation that the central government might ease property curbs to shore up growth.

But central government officials have repeatedly stated that property regulation measures will be kept in place to prevent a rebound in housing prices.

For CRI, I am Zhang Wan.