Full article in Chinese: http://www.caijing.com.cn/2008-12-22/110041224.html
The State Council, China's cabinet, issued guidelines to encourage China's gloomy property market on December 21. The guidelines provide detailed measures for the implementation of the three stimulus policies to boost house buying and development of low-income housing. The measures include easing control on second-home ownership, credit support for low-income housing, and more financial supports to selected developers.