Ni Hong, vice minister of housing and urban-rural development, recently led a team to Hangzhou City in Zhejiang Province and Wuxi City in Jiangsu Province to investigate and supervise the implementation of the long-term mechanism for the steady and healthy development of the real estate market. The city government should fully understand the importance of the stable and healthy development of the real estate market, unswervingly adhere to the positioning that houses are used for living and not for speculation, and do not use real estate as a means of short-term economic stimulus. We will earnestly implement the main responsibility of the city and ensure that the decision-making arrangements of the CPC Central Committee and the State Council are implemented.