日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Comment
Tethering the housing bubble
2010-Apr-27 07:59:39

A rise in the supply of currency, the changing roles of homes as investment tools and misguided policies have created unbridled housing prices

The economy may have gotten off to a great start in the first quarter and inflation may have been tempered, but let's not forget that China is still facing a huge challenge: Slowing down soaring real estate prices and making sure the housing bubble lands softly.

Make no mistake about it, the housing bubble is real, contrary to what many critics have said recently. So if the economy is to develop effectively and distinctly from its old growth model, housing market problems must be rectified.

One angle to tackle first is the abnormal increase in the supply of money. This is exactly what the central authorities have been working intensively on in recent weeks after making the distinction between speculative investments in properties and payments for the purpose of living in a home.

Last year's currency supply propelled the hikes in housing prices. It should be noted that local governments are still impulsively investing to boost their local economies. To do so, they need a greater supply of currency. But this in turn fuels price hikes and builds up pressure on inflation. A greater currency supply will make it difficult to manage inflation.

The State Council, China's Cabinet, recently has been calling for greater management on liquidity. Quantity management tools, deposit reserve ratio and open market operations (including 3-year central bank bills) would be used interchangeably to control liquidity. For any overheated investment sector, an adjustment in credit line might be a necessary regulation measure.

Recently, the government introduced new regulation policies. Fortunately, they are all well-targeted, especially through its aim of expanding the construction of affordable homes and giving incentives for homeowners to actually live in their homes instead of using them as investment tools. It still remains to be seen if the policies are effectively implemented but if they are, the real estate bubble will diminish in size and land safely.

The real estate market is obviously a key factor to stable economic growth this year. Last year, households used 80 percent of their incomes to pay down their average monthly mortgage. This is 60 percent higher than the domestic security line, the most glaring proof that a bubble exists.

   Previous 1 2 Next  

[Jump to ]
Nation | Biz | Comment | World | Celebrity | Odds | Sports | Travel | Health
ChinaDaily Mobile News
m.chinadaily.com.cn
To subscribe to China Daily, call 010-64918763 or email to [email protected]
主站蜘蛛池模板: 亚洲日本视频在线 | 精品国产成人在线 | 久久婷婷综合中文字幕 | 秦浩最新电视剧 | 成人久久久久久久久 | 99久久婷婷| 精品午夜寂寞黄网站在线 | av网站在线免费观看 | 国产精品99久久久久久久女警 | 一男一女的一级毛片 | 日韩欧美一区二区三区久久 | 91精品啪在线观看国产91九色 | 欧美乱码精品一区 | 欧美a∨一区二区三区久久黄 | 日韩一二区 | 清纯唯美第一页 | 操人视频在线观看 | 日本三级2018亚洲视频 | 日韩精品不卡 | 日韩精品免费在线视频 | 欧美精品久 | 久久久久亚洲精品影视 | 天天操天天插 | 午夜小视频免费观看 | 国产一区精品 | 国产精品久久婷婷六月丁香 | 国产精品免费久久久免费 | 日本精品久久久久护士 | 国产精品视频在线播放 | 亚洲日本一区二区三区 | 91免费电影| 国产毛片欧美毛片久久久 | 亚洲美女毛片 | 国产精品国产a级 | 亚洲国产精品久久综合 | 欧美精品一区久久 | 中文字幕乱码一区二区三区 | 欧美理论影院在线观看免费 | 在线欧美 | 特黄特色大片免费高清视频 | 亚洲欧美视频在线播放 |