中文FrançaisDeutsch日本語Русский языкEspañolعربيEsperanto한국어BIG5
CHINA DEVELOPMENT GATEWAY
SiteMap Feedback
Travel Living in China Archaeology Film Learning Chinese Chinatown Suppliers
Home China International Business Government Education Environment Culture Women Books & Magazines Sports Health Entertainment
Home / English Column / Business (new) / In Industry / Real Estate Tools: Save | Print | E-mail | Most Read
More Moves Expected to Cool Housing Market
Adjust font size:  ZoomIn ZoomOut

The State Council yesterday declared its readiness to use a combination of tax, credit and land policies to ensure the healthy development of the real estate industry, which many economists say is showing signs of overheating.

 

An executive meeting of the State Council chaired by Premier Wen Jiabao vowed to take necessary measures to improve the property market and curb price rises in major cities.

 

After earlier macro-economic policies brought "the momentum of high investment growth and house price rises basically under control," the meeting zeroed in on remaining problems.

 

But "housing prices are still rising too fast in some major cities," the meeting warned. "And order is yet to be restored in the property market."

 

So tax, credit and land supply policies should be allowed to play a bigger role in guiding the market, according to the meeting.

 

While it is yet to be seen what tax measures will be introduced, the People's Bank of China (PBC), or central bank, raised its one-year benchmark lending rate by 27 base points to 5.85 percent in April.

 

Many economists expect the PBC to take further measures to cool the sizzling economy, which grew 10.2 percent in the first quarter.

 

"A moderately tight monetary policy, as seen from the central bank's rate hike, serves as a timely dampener on the housing market; so would any new tax and land supply policies," said Han Meng, an economist with the Chinese Academy of Social Sciences.

 

Property prices in 70 large- and medium-sized Chinese cities witnessed an average 5.5 percent increase in the first quarter from the same period in 2005, according to the National Bureau of Statistics.

 

Other measures that the State Council has vowed to pursue include a housing supply structure more skewed to low-income households and a better information disclosure mechanism.

 

The emphasis on housing development, the meeting pledged, will be on small- and medium-sized affordable and rental units.

 

At the end of April, 40 major cities reported 1 million units in the market with a floorage of 120 million square meters; but of those, only 12,000 units were smaller than 60 square meters each, according to Ministry of Construction.

 

The development of the real-estate sector and housing construction, the State Council circular said, "should take into full consideration the country's basic conditions, such as its large population and small land mass on a per capita basis."

 

Demolition of old urban housing should be properly paced to reduce the demand for housing, the meeting added, stressing the importance of a healthy housing sector as "a pillar industry" of the economy.

 

"The policies that the government has promised to introduce have long been debated. This is a strong signal that Beijing will not let the housing market go astray," said Yi Xianrong, a research fellow at the Chinese Academy of Social Sciences and a long-time critic of land developers.

 

(China Daily May 18, 2006)

 

Tools: Save | Print | E-mail | Most Read

Related Stories
Housing Supply Sufficient, Ministry Says
House Down Payments May Rise Steeply
Once Cool-off Property Market Gaining Steam Again
Growth of Real Estate Price to Slow Down
Beijing House Prices Up 17.3% in First Two Months
Slide in Housing Price Speeds up
?
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號(hào)
主站蜘蛛池模板: 亚洲AV无码精品网站| 公求求你不要she在里面小说| 2021国产麻豆剧果冻传媒影视| 好大好深别停视频视频| 久久99精品久久久久婷婷| 最近高清日本免费| 亚洲欧美一区二区三区图片| 男人把女人狂躁的免费视频| 午夜小视频在线| 色列有妖气acg全彩本子| 国产午夜精品1区2区3福利| 日本人强jizz多人| 国产精品剧情原创麻豆国产| 91视频国产91久久久| 在线观看污网站| bt天堂资源在线种子| 嫩草影院在线视频| 不用付费的黄色软件| 新梅瓶1一5集在线观看| 久久人人爽爽爽人久久久| 日韩日韩日韩日韩日韩| 五月天色婷婷丁香| 极品虎白女在线观看一线天| 亚洲午夜成人片| 欧美成人精品大片免费流量| 亚洲欧美日韩中文字幕在线一区| 99久久99久久免费精品小说| 岛国免费v片在线观看完整版| 中文字幕66页| 成年片色大黄全免费网站久久| 久久久无码精品亚洲日韩蜜桃 | 成av免费大片黄在线观看| 中文字幕在线观看第一页| 无码精品人妻一区二区三区漫画| 久久大香伊蕉在人线国产h| 日韩亚洲专区在线电影| 久久精品人人做人人爽| 日韩精品无码免费一区二区三区 | 怡红院在线观看视频| 一级毛片在线免费视频| 少妇无码av无码专区在线观看|