What Wen wants now. I can assume that Premier Wen Jiaobao can get what he wants from the Chinese housing industry, more homes for sale to Chinese buyers at a reasonable price. And no favor to Chinese flippers and buy-to-rent investors. And more houses in second tier fast-growing provincial cities rather than clustering around Beijing, Guangzho and Shanghai.
Wen may also have a plan for raising the parity of the RMB, but I am not sure about that. The Chinese economics gang are gung ho at doing “stress tests” to check on what will happen to business volume if the RMB is allowed to rise against the dollar (it is already rising against other currencies because the greenback is doing so.)
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