On August 23, 2007 the State Council convened the National Urban Housing Work Conference, in which new requirements about how to strengthen macro-adjustment of the real estate market and to provide affordable housing to low-income households in a faster manner were put forward.
With this in mind, I would like to talk about Germany’s role in the global economy, which, of course, is closely connected to its role as a member of European Monetary Union. One thing that people often associate with Germany is its export strength. And the export sector certainly has traditionally played an important role in the German economy.