Vice Minister of Natural Resources Liu Guohong said at the press conference of the State Information Office on October 17 that revitalizing the existing idle land is the focus of the Ministry of Natural Resources's current work. In terms of controlling additions, we are suspending the supply of commercial residential land in cities with long removal cycles. In terms of revitalizing stocks, the Ministry of Finance has announced that special loans will be allowed to be used for land reserves. Specifically, we will give priority to residential commercial land that companies are unable to develop, are unwilling to develop, and have yet to start construction. We will also work with relevant departments to study the establishment of special loans for the acquisition of existing land.

Vice Minister of Natural Resources Liu Guohong said at the press conference of the State Information Office on October 17 that revitalizing the existing idle land is the focus of the Ministry of Natural Resources's current work. In terms of controlling additions, we are suspending the supply of commercial residential land in cities with long removal cycles. In terms of revitalizing stocks, the Ministry of Finance has announced that special loans will be allowed to be used for land reserves. Specifically, we will give priority to residential commercial land that companies are unable to develop, are unwilling to develop, and have yet to start construction. We will also work with relevant departments to study the establishment of special loans for the acquisition of existing land.