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"The regulation and control of housing prices should come in two parts. First, guarantee effective housing supplies and make sure low-income groups have sufficient housing. Second, use various macro-control tools to regulate housing prices."

Qiu Baoxing, vice-minister of construction, at a group interview during the 17th National Congress of Communist Party of China, said the Chinese Government has the ability to solve the ongoing problem with high housing price increases nationwide. In the next three years, investment in low-rent and low-cost housing will double.

"China is not in a hurry to open all the capital accounts. If it will benefit the national economy, China will open some of them."

Zhou Xiaochuan, president of the People's Bank of China, said China will let market supply and demand play a more important role in China's exchange rate reform.

"The benefit of frequently having minor diseases is that you will probably not have a major disease."

Zhou Xiaochuan, president of the People's Bank of China, speaking at the first Tsinghua Management Global Forum, said it was normal for any financial system to have ups and downs from time to time.

"The fast and continuous growth of the macroeconomy, the upward revaluation of the renminbi and the recombination of State-owned assets will play a fully supportive role in China's capital market. The trend that the capital market will develop healthily in the medium to long term is not going to change."

Shang Fulin, president of the China Securities Regulatory Commission, spoke during the 17th National Congress of the CPC. He also reminded the public of the need to be cautious with their investments.