This year's annual central economic work conference has

concluded, with the Chinese government vowing to continue its structural

economic reforms and innovation-driven strategy.The leadership is giving

priority to reforms on the supply side, which aim to lift production levels and

to use land, labor and capital more efficiently.Several detailed

measures have been put forward for the reform, concerning reducing industrial

overcapacity, deleveraging, and lowering business costs.Another

significant aspect of the measures regards the property sector.A

statement issued after the meeting says the government will promote mergers

between different property developers, encouraging them to lower housing

prices.It also encourages rural residents to relocate to urban areas and

to be allowed to register as city residents, enabling them to buy or rent

property.The central government has also pledged to populate a low-rent

public housing program to cover those without household registration.So

will these measures be effective enough to boost China's economic growth? What

does reform on the supply front entail? And how big of an impact will the new

strategies have on China's property market? To answer all

those questions and more, we are joined by Professor Zhang Jun, Dean at the School of Economics,

and Director at the Center for Chinese Economy, Fudan University in

Shanghai; and Liu Baocheng, Associate Professor at

the Business School of the University of International Business and

Economics.