Mao Zhenhua: Persevere bottom -line thinking in the downward period of house prices

Zhongxin Jingwei September 21st: The downward period of house prices must adhere to the bottom line thinking

Author Mao Zhenhua's joint director, professor, and joint chairman of the China Macroeconomic Forum (CMF)

In the long run, real estate is a periodic issue, and the era of real estate as an economic growth engine has passed.

The Chinese real estate market has entered a downward price period. On the surface, it is funding and liquidity. First, the first problem faced by the real estate cycle is the appearance of the population of population, which has gained from the long -term population growth. The problem, real estate companies still have a large number of real estate projects in recent years; fourth, residents' income growth has slowed down; fifth, employment prospects have adjusted future expectations.

Recently, some real estate companies have the problem of capital chain, but this is the result of a certain factor, and this factor is that real estate has entered a downward trend. In the face of reality, no matter what method is used, it cannot be changed. decided.

The author emphasizes at the China Macroeconomic Forum (CMF) macroeconomic monthly data analysis meeting that it should be serious and down -to -earth thinking. In the context of the decline in house prices, it should be gradually destroyed. Important engine ideas. The fund chain problem is the result of the real estate problem, and it is also the starting sign of a severe fluctuation of real estate. To see housing prices in developed western countries, they have long been relying on real estate, and global economic growth has not rely on real estate. The era of (relying on real estate) has passed. (Zhongxin Jingwei APP)

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Editor in charge: Sun Qingyang

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