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Fang Gang Refutes House Prices Only Rising Or Falling, Saying That Queuing Houses Should Be Regulated.

2008/3/26 13:53:00 14

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"When the developer house has just sold well, when the people just queued up to buy a house, the government should introduce measures to control the property market."

Fang Gang, member of the central bank's monetary policy committee, said yesterday (25).

Fang Gang held a firm stance on the regulation of the property market on the website of a website of loco Innovation Summit held yesterday.

He pointed out that we should be vigilant against asset bubbles in the property market. "Real estate bubbles often occur when housing prices rise or fall, which is also the most dangerous."

When it's dangerous.

To curb the housing bubble is to prevent housing prices from rising and falling and harm China's smooth economic operation.

Fang Gang stern refuting the proponents of rising house prices yesterday.

He said that in recent years, many people are advocating that they should rise or fall, which is worth our vigilance.

The reason for the advocator is that there are still many people in China who need housing. How Limited is the land supply in China, and the housing prices abroad are much higher than those in China. Therefore, China's housing prices are not high now, and house prices will continue to rise.

However, these people are advocating only rising housing prices, perhaps 50 years later, Chinese talent may be supported by income prices.

"After 50 years, China's per capita GDP will reach US $30 thousand, but China's per capita GDP is only 3000 dollars.

In the current situation, it is not the conditions of 50 years, but the current market demand, that we talk about whether housing prices are too high or not.

Fang Gang said.

The current situation of China's property market worries Fang Gang greatly.

In his view, the subprime mortgage crisis caused by the US real estate bubble is a living case.

"As the housing bubble continues to grow in the United States, accompanied by rising prices and income ratios, many people advocate that housing prices will rise and fall.

The burst of the US housing bubble has not only affected the economy of the country, but also has had a negative impact on the economy of other countries in the world.

Fang Gang said, "the government's regulation of the property market is to avoid the collapse and bankruptcy of a large number of small and medium-sized real estate developers, and the" big roller coaster "adjustment of the economy.