Letters

Housing challenge for authorities

Comment on "China's home prices continue to rise" (China Daily, July 18)

A majority of the people find it difficult to purchase a house, especially in big cities. Since land and real estate are still the main sources of many local governments' revenue, it is not surprising to see housing prices increasing continuously. What is disappointing, though, is that measures taken by the central and local governments to curb housing prices have had little effect.