Realty sector plan sent for Cabinet nod

A plan to rejuvenate China's property sector has been submitted to the State Council for discussion and approval as part of the government's efforts to fight the economic slowdown, industry sources said yesterday.

According to Nie Meisheng, president of China Real Estate Chamber of Commerce, the Ministry of Housing and Urban Construction convened a meeting before the Spring Festival seeking suggestions on a long-term development scheme for the real estate sector.