久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Industries

Will it be bull or bear in the property market?

By Zheng Yangpeng (China Daily) Updated: 2015-03-13 08:51

But oversupply remains severe in most cities, even the large ones. The demand unleashed by any stimulus policy is expected to be short-lived. So if the government does not launch a fresh stimulus policy in the coming months, the de-stocking process could quickly lose momentum and inventories would climb rapidly.

As demand fundamentals are unlikely to change in the short term and remain highly sensitive to policy signals, monetary policy becomes extremely important in deciding the market's direction.

However, analysts said that a hard landing is unlikely. The most important reason for that belief is that both the central and local governments have a large stake in the steady growth of the market, so they will not allow a meltdown to happen.

The easing of multiple-home purchase restrictions by many cities since May, and the central bank's resort to stimulus policies as the market was at its worst, back up that assumption. That pattern has occurred many times in the past.

Further, although the appeal of real estate is dwindling, it remains an attractive asset class for ordinary households, especially considering their limited investment channels.

Second: Will monetary policy continue to be eased?

The People's Bank of China responded to the protracted economic slowdown with an interest rate cut in November and another last month. The long-term loan rate is now the lowest in a decade. Further cuts in interest rates and banks' reserve requirement ratios are very likely.

Although the easing was not targeted specifically at the property market, it did reduce borrowing costs for developers and homebuyers and thus boost the market outlook. Simply put, monetary policy is a decisive factor in determining whether China has a bullish or bearish property sector.

Third: Will home purchase restrictions be loosened in the large cities?

The market downturn last year prompted most cities that had imposed multiple-home purchase restrictions to loosen them. Only five cities still have such policies: Beijing, Shanghai, Guangzhou, Shenzhen (which are the four first-tier cities) and Sanya in Hainan province.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产日韩不卡免费精品视频 | 一级片免费观看视频 | 国产伦精品一区二区三区无广告 | 我想看三级特黄 | 日韩一区二区三区不卡视频 | 欧美日韩大片 | 国内自拍视频一区二区三区 | 特级a欧美孕妇做爰片毛片 特级a欧美做爰片毛片 | 一级一级一片在线观看 | 成 人 亚洲 综合天堂 | 欧美国产合集在线视频 | 久久久久久久性高清毛片 | 精品国产一区二区三区国产馆 | 日韩欧美一区二区三区在线观看 | 日韩一级片免费 | 精品香蕉99久久久久网站 | 久久久久国产精品免费免费 | 国产最新自拍 | 草草影| 视频精品一区 | 精品欧美一区二区在线观看欧美熟 | 一区在线视频 | 91香蕉成人免费高清网站 | 在线观看免费a∨网站 | 亚洲精品一区二三区在线观看 | 又黄又湿又爽吸乳视频 | 一个人看的www日本高清视频 | 国产一级毛片午夜福 | 欧美日韩一区二区综合 | 日韩视频观看 | 在线视频观看免费视频18 | 国产成人精品曰本亚洲77美色 | 嫩模大尺度人体福利视频 | 欧美兽皇video | 亚洲欧美久久一区二区 | 国产精品每日更新在线观看 | a站在线观看| 三级视频在线播放线观看 | 久久久www免费看片 久久久www免费人成看片 | 亚洲羞羞裸色私人影院 | 国产区精品一区二区不卡中文 |