Houses are for living, not for speculation

"Houses are for living, not for speculation" (Chinese: 房子是用来住的，不是用来炒的; pinyin: Fángzǐ shì yònglái zhùde, bùshì yònglái chǎode) is a Chinese political slogan to curb excessive speculation in the real estate market. The phrase was coined by Xi Jinping, the general secretary of the…