www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Polarized housing market creating policy dilemma amid signs of cooling

By Xinhua | China Daily | Updated: 2016-08-19 07:25

China's property market has shown signs of cooling, posing a dilemma for policymakers who need to shore up the slowing economy. In July, the property sector continued to moderate, with fewer cities reporting monthly rises in new-home prices.

Of 70 large and medium-sized cities surveyed in July, 51 saw new-home prices climb month-on-month, down from 55 in June and 60 in May, the National Bureau of Statistics said on Thursday.

Meanwhile, 16 cities reported month-on-month price declines, up from 10 in June and four in May.

Official data last week showed that property investment in the first seven months rose 5.3 percent from a year earlier, slowing from a growth of 6.1 percent in first six months, and 7 percent in the first five months.

Growth in property sales in terms of floor area slowed to 26.4 percent in the first seven months, down from 27.9 percent in the first six months, and 33.2 percent in the first five months.

The cooling should come as relief to authorities who have been worried about asset bubbles, but there are concerns that the property sector is losing steam.

A recovery in the property market starting from late last year partially helped prop up growth in the Chinese economy, which has been weighed down by cooling investment, the cutting of industrial overcapacity and weak demand.

However, sharp increases in home prices have fanned fears of overheating.

On an annual basis, Shenzhen saw home prices rise 41.4 percent in July.

Prices in Shanghai and Beijing rose 33.1 percent and 22.7 percent year-on-year.

Less-developed areas and smaller cities have been reporting falling prices and huge inventories of unsold houses.

Jinzhou and Dandong in Liaoning province, and Mudanjiang in Heilongjiang provinces saw year-on-year declines of 3.8 percent, 2.4 percent and 1.2 percent, respectively, in July.

"The property market is becoming increasingly polarized," said Ni Pengfei of the Chinese Academy of Social Sciences.

In upper-tier cities where the economy is vibrant, abundant job opportunities, an inflow of peopwle and money, and a lack of housing supply combine to push up prices.

The NBS put the inventories of unsold homes, mainly in smaller cities, at 714 million square meters at the end of June, only 21 million sq m less than the previous quarter.

It may take nearly five years to destock if homes are sold at the average speed of the past three years, said Huang Yu from China Index Academy.

The split picture creates a thorny task for the government, which must strike a balance between curbing asset bubbles in big cities and boosting sales in the smaller cities.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 久久久国产精品免费看 | 窝窝女人体国产午夜视频 | 亚洲视频一区在线观看 | a级毛片免费全部播放 | 国产成人精品日本亚洲语音1 | 国产精品视频免费 | 亚洲精品国产一区二区三 | 亚洲欧洲一二三区机械有限公司 | 精品伊人久久久久网站 | 亚洲欧美日本人成在线观看 | 亚洲在线欧美 | 中日韩欧美一级毛片 | 三级手机在线观看 | 久久精品一品道久久精品9 久久精品一区 | 欧美一级做一a做片性视频 欧美一级做一级爱a做片性 | 99久久精品无码一区二区毛片 | 成年美女黄网站小视频 | 在线免费观看毛片网站 | 成人看免费一级毛片 | 美国三级网| 国产三级国产精品国产普男人 | 亚洲视频三区 | 日本免费小视频 | 国产欧美精品一区二区三区 | 亚洲午夜精品一级在线播放放 | 久草福利在线观看 | 日本三级成人午夜视频网 | 色综合久久88色综合天天提莫 | 免费区一级欧美毛片 | 免费特黄一级欧美大片在线看 | 欧美xx一片 | 免费国产视频在线观看 | 中文字幕在线观看一区二区 | 精品国产九九 | 成人做爰网站免费看 | 日本久草网 | 久草资源在线播放 | 99在线精品免费视频 | 亚洲七七久久精品中文国产 | 亚洲日本激情 | 国产菲菲视频在线观看 |