Housing Inventory: Reform and Deputy Head

housing inventory: The reform, initiated in 2016, has witnessed some progress, but more efforts are needed in the next year, Yang said, while addressing an economic forum jointly held by the China Center for International Economic Exchanges and the State Think Tank of Xinhua News Agency, according to Global Times China. China's policymakers proposed supply-side structural reform at the end of 2015 to resolve structural imbalance in the economy. The major economic task can be summarized as deepening reform, said Yang Weimin, deputy head of the Office of the Central Leading Group on Finance and Economic Affairs, a high-level economic policy-making institution. Authorities have pressed ahead with five tasks cutting industrial capacity, bringing down housing inventory, reducing leverage levels, lowering corporate costs and improving weak economic links. While the five tasks will remain in 2017, policymakers also plan to overhaul the supply side of agriculture, revive the real economy and stabilize the property sector, according to the tone-setting Central Economic Work Conference ending Friday. The reform will remain a main theme of the economic work in the 13th Five-Year Plan period 2016-2020 Yang said, adding more areas will be covered by reform measures. (news.financializer.com). As reported in the news.