Relaxed property measures are not firefighting tools for local governments when they fail to achieve their annual economic goals. As long as housing prices have not showed signs of an overall drastic drop and have not threatened the economy, there is no need for policy relaxation.

Zhang Hongming, a scholar with the Shanghai Academy of Social Sciences, delivered a speech at the second plenary meeting of the third session of the 12th CPPCC National Committee held Monday in Beijing.