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Economist Ma Guangyuan believes prices in first-tier cities will continue to rise, but huge increases will not be sustained because the market is close to saturation.

We provided housing support through the provision of both physical housing and rent subsidies, and carried out trials of developing and operating public rental housing through PPP models. We supported the renovation of 6.01 million homes in run-down urban areas and 4.32 million dilapidated rural houses.

In the new year, development remains the primary task, he said.

ATHENS, Feb. 17 (Xinhua) -- The Greek privatization fund announced on Wednesday that China's COSCO was formally declared the preferred investor for the privatization of Greece's largest port, Piraeus.

China contributed over 25 percent of global economic growth in 2015. Its non-financial outbound direct investment grew 14.7 percent year on year to 118 billion U.S. dollars, official data showed.