Latest News:  
Beijing   Sunny/Overcast    9 / 1   City Forecast

People's Daily Online>>China Business

Government set to 'ease restrictions' on property

By Cao Qian (Shanghai Daily)

08:26, November 21, 2011

China will likely loosen its restrictions on the property market in the third quarter of next year, as plummeting prices could slow the growth of the economy, according to a report.

The report also said local governments might start to reverse curbs in the second quarter of next year due to their heavy reliance on land sales for fiscal revenue.

The latest round of correction in the domestic housing market is in principle a result of administrative policies, rather than a consequence of builders' asset-debt problems, Liu Yuanchun, deputy director of the Institute of Economic Research at Renmin University of China, said in the "China's Macroeconomic Analysis & Forecasting" report.

Property prices, sales and investment will fall in the first quarter of next year because of the government's tightening measures, the report said.

A 20 percent fall in housing prices will force the government to adjust its policies, as a steeper decline would bring economic growth below 9 percent next year, it said.

【1】 【2】

Email|Print|Comments(Editor:张茜)

Leave your comment1 comments

  1. Name

Observer at 2011-11-21180.190.160.*
This evil web we weave....
  

Selections for you


  1. Japan's next-generation main fighters

  2. Eye catching modified car

  3. Reporting this 'chameleon city'

  4. Volvo vehicles to be made in China

Most Popular

Opinions

  1. Return to reason for real estate
  2. A reality check for Washington
  3. Improving education quality in rural areas
  4. Further healthcare reform
  5. Cyber cooperation needed
  6. Asia has no time for games with US
  7. Japanese drills should raise red flags for China
  8. Money culture pulls well-off teens into sex trade
  9. US scaremongering
  10. Asians no longer go under the knife to look 'white'

What's happening in China

Putting more emphasis on imports

  1. People punished for spreading AIDS rumor online
  2. Wild Siberian tiger found in Heilongjiang
  3. National school bus standards seem impractical
  4. J&J China to phase out toxic chemicals
  5. China's preferred donor standard: Cardiac death

PD Online Data

  1. The lion dance in Guangzhou
  2. The flower fair in Guangzhou
  3. Lion dances pay New Year calls in Guilin
  4. Jiangsu´s special New Year traditions
  5. Hakka traditions in Spring Festival