China's economy is in "old new" critical period. Oriental IC data
For some time now, China's rapidly warming caused widespread concern of the property market in some areas. On March 25, the city announced a number of initiatives to promote the stable and healthy development of the real estate market, including second home down payment not less than 50%, rounds and the intermediary hype prices, to cover property hoarding down payment loan, bridge loan, as well as violations, non-Hukou households purchase paid personal income tax or social security age, and so on.
Experts pointed out that China's economy is in "old new" critical period, steady, balanced and healthy development of the real estate market, either in transition and create a favorable environment and share in the development of meaning. Instead, through all kinds of speculative financial instruments will not only bring huge risks to the speculators themselves, are conducive to sustained and sound economic development in China.
"Inventory" booster "steady growth"
At the end of 2015, the central economic work Conference, "resolving real estate inventory" and "productivity", "deleveraging", "cost reduction" and "complementarity", together were identified as 2016-economic needs to seize the key points. Subsequently, the authorities promulgated a "drop down", "reduce the transactions of real estate taxes, business tax" and a series of incentives, with housing inventory.
Seen from the overall effect of, at present, the market appeared to pick up, demand a certain release, but differentiation is growing in different regions. National Bureau of statistics data showed February 70 cities of newly-built commercial housing price rose city, 47, from January 9, which expanded from the previous month, the city has 33 per cent, from January 10. From various cities in February, one, two or three lines per cent average rise in new urban residential prices and expanded 0.5, 0.1 and 0.1% per cent respectively over the previous month, further price increase among the cities, cities and individual hot second-tier cities have risen much faster than any other city.
Deputy Dean of the school of Finance of Renmin University Zhao xijun, a professor in an interview with this reporter, said that real estate of upstream and downstream industries are involved in promoting housing inventory will no doubt be downside pressure to "steady growth" effect.
"Inventory of the fundamental aim is to solve the problem of unbalanced development. On one hand, China's economy is now in a stable growth, adjusting the structure and promote transformation of an important period on the other, in the development of real estate industry and the future of many resources and factors directly related to the configuration and, therefore, how reasonable allocation of land resources, and to balance with other elements, and work together to promote economic development, and is an issue that is very worthwhile. "Zhao xijun said.
"Eye;" also "cool"
Side is a Ministry with "inventory", the other side is the largest city to "overheating in the property market," war, what is this mystery? Answers to look for from the causes of the recent housing market heating up.
According to the Shanghai construction Committee Director Gu Jinshan introduced investment resurgence of speculative demand, follow the "buy up", the lack of supply is an important factor leading to local property market overheating in the near future. "Some irregularities, some developers, agencies, through P2P platform such as down-payment loans beyond distribution finance business, make some people who do not have conditions to buy a second House, through down-payment loans, bridge loans into the market or the market in advance. This operation on the market plays a very big push, and encourages investment and speculation, increased financial risks. "Gu Jinshan" new deal "Conference said. Division of zongyang story say goodbye to Tongcheng
A number of experts pointed out that housing is with this dual nature of commodity and investment, living in this society when necessary requirements have not been meet, excessive investment and even speculation demand, is not conducive to the development of the real estate industry and damaging the competitiveness of the Chinese economy.
"The irrational industrial structure, we can just through market forces and market differentiation reflects the unbalanced development of regional space, it is difficult to fully realized by the hand of market adjustments, this will need policies to follow up and guide. "Zhao xijun said, although intuitively determine home demand and speculative demand is not easy, but if we can allow extra housing costs increased substantially, is obviously helpful to curb the demand for this part of the hype.
"The long con" to "big fish"
Hype too hard for the main theme, health development with confidence. As an important part of the national economy, the real estate industry influences the economy, trends in economic development for the country as a whole and of the decision. From this point of view, "the long, catch a big fish" is a clever strategy. Short term investments in real estate speculation, obviously does not have power for the long-term development of the Chinese economy, China's economy needs is more visionary innovation.
France Thales Group China President and Chief Executive Officer Lauren about believes that economic growth in China has a bright future. United States the Wall Street Journal recently reported that despite the economic slowdown, but Chinese enterprises did not slow down, but to the high-tech field, promoting economic transformation from low-end manufacturing to high-tech, they also get a higher profit.
Meanwhile, basic public services in the allocation of resources more balance and optimize the industrial layout will also give highlights the potential of the medium and small cities. "Development of higher quality more equitable education", "knit-count cotton solid social safety net", "to guide more foreign investment in the Central and Western regions" ... ... In fact, this year's Government work report detail many of the tasks that contribute to the potential of "realization".
"The excessive concentration of population in some cities, would affect the efficiency and quality of life of the city. By contrast, cities still have much room for development. "Zhao xijun, recommendations, promoting the sustained and healthy development of the real estate industry in the future will also need three lessons: one is to continue to optimize the development of spatial layout; Secondly, actively supports a number of smaller cities, reduce population pressure in big cities; the third is increasing supervision of intermediaries such as property construction, sale.
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