National Committee member Liu Yonghao: Suggests reducing the proportion of newly added commercial land.

"The commercial properties have played a positive role, but now there is an excess of inventory that needs to be digested. Our new planning must consider changes in economic structure and make some adjustments accordingly, not planning so many commercial properties." Recently, Liu Yonghao, a member of the National Committee of the Chinese People's Political Consultative Conference and chairman of the New Hope Group, said in an interview with the media. Rebalancing commercial real estate inventory is one of the key topics he focuses on during the two sessions. Liu Yonghao suggests optimizing planning layout, reducing the proportion of new commercial land. Supporting the revitalization of existing commercial assets, optimizing the "commercial to residential" policy, and moderately relaxing restrictions on apartments in terms of enrollment and household registration.