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

Op-Ed Contributors

Everyone, it's OK to rent

By Shujie Yao (China Daily)
Updated: 2010-05-04 07:58
Large Medium Small

Evidence of underhand dealing is glaring. In 2006, land purchased by developers dropped by 4.4 percent year-on-year but the land used for development rose by 20 percent, suggesting that significant amounts of land had been hoarded for future development when prices were higher.

The acute shortage of affordable housing for low- to middle-income Chinese shows no sign of abating. The supply is estimated at only one-fifth of total demand.

Related readings:
Everyone, it's OK to rent Property loans grow despite govt scrutiny
Everyone, it's OK to rent Property developers see surging profits in Q1

The proportion of investment in low-cost housing to total residential buildings has tumbled over the last decade. In 1998, it was more than 13 percent but fell to an average of 4.3 percent in 2008. It was a meager 0.38 percent in Guangdong.

The government has repeatedly warned that the size of low-cost apartments should be less than 80 sq m. But the average size of residential properties sold on the market in 2008 was 92 sq m, far beyond the reach of low-income households.

Greed among the rich is rife and China is now one of the most unequal societies in the world.

Chinese investors adopt a highly irrational approach to moneymaking: They are envious, greedy and speculative. Lessons from the 2007 stock market bubble, and the subsequent fallout, have not been heeded. It is the Chinese people who are inflating the housing bubble as they seek more attractive returns than those offered by low-interest saving accounts.

The consequences of a realty crash will be far greater than those that followed the stock market collapse.

Real estate has become a pillar industry for China's economic growth. Investment in real estate development accounted for 18.7 percent of total fixed assets investment in 2009. Combined, the real estate and construction industries contribute more than 10 percent of GDP each year. By the end of 2008, more than 2.1 million people were employed in the real estate industry.

So what can the central government do about it?

It needs to develop a comprehensive, commercialized house renting system to change traditional thinking that affordable housing can only be sold but not rented.

Closer central government supervision of how local governments implement wide-ranging, low-cost housing programs is necessary to avoid a repeat of past corruption.

I have long argued for a progressive tax policy to be applied to three categories of housing based on floor space.

Owners of apartments of less than 80 sq m would not be required to pay taxes and would enjoy a low deposit requirement, while owners of luxury houses would be faced with heavy taxes and punitive mortgage rates.

The fear though is that these long-term measures, even if implemented, will come too late. If the bubble bursts, Chinese society will become ever more polarized, posing a very serious threat to stability and therefore China's future growth prospects.

The author is head of the School of Contemporary Chinese Studies at the University of Nottingham, United Kingdom.

   Previous Page 1 2 Next Page  

主站蜘蛛池模板: 久久精品久久精品 | 在线精品一区二区三区 | 久久在线视频 | 国产成人高清亚洲一区久久 | 呦视频在线一区二区三区 | 国产a不卡| 亚洲精品高清视频 | 91福利国产在线观看香蕉 | 日本久久免费 | 国产玖玖玖精品视频 | 欧美黄成人免费网站大全 | 在线综合+亚洲+欧美中文字幕 | 亚洲高清免费在线观看 | 国产色司机在线视频免费观看 | 亚洲一区国产 | 日韩在线播放视频 | 国产一级做a爰片久久毛片男 | 亚洲国产美女视频 | 欧美a在线播放 | 香蕉一区二区三区观 | 国产成人免费高清在线观看 | 99久久精品免费看国产一区二区三区 | 日韩日b视频 | 亚洲性网站 | 99视频在线 | 欧美午夜精品久久久久免费视 | 欧美成人三级伦在线观看 | 日本特级淫片免费看 | 成人影院免费看 | 久久久亚洲欧洲日产国码二区 | 一国产一级淫片a免费播放口 | 亚洲精品久久久久中文 | 六月成人网 | 精品国产看高清国产毛片 | 欧美日韩高清不卡免费观看 | 亚洲综合91社区精品福利 | 亚洲天堂视频一区 | 欧美午夜精品一区二区三区 | 国产欧美日韩综合精品无毒 | 国产成人高清一区二区私人 | 免费毛片儿 |