Joined: 26 Apr 2017
|Posted: Fri 20 Apr - 04:02 (2018) Post subject: They imagine the opposite vision of what's going
|Rows of new homes in Nanjing air max 90 rosse uomo , East China's Jiangsu Province in March 2017 Photo: IC
More Chinese cities have announced new measures to restrict real estate purchases and ownership to curb rising prices, as the central government vows to rein in overheating prices in some cities while reducing excess supply in others.
On Wednesday, at least three cities - Nanjing, capital of East China's Jiangsu Province, Qingdao in East China's Shandong Province and Ganzhou in East China's Jiangxi Province - announced measures to rein in skyrocketing housing prices.
Nanjing prohibited new home purchases for registered residents who already owned two or more dwellings. It also expanded areas under earlier measures that banned non-registered residents who already owned one or more houses from purchasing another, according to a government announcement posted online. It was the second time the city introduced new restrictions since September 2016.
Qingdao and Ganzhou introduced similar restrictions on new purchases air max 90 rosse , and both cities also increased down payments. In Qingdao, for instance, the minimum down payment for a new home has been increased from 20 percent to 30 percent of the total price for residents who already own one or two homes. The city also suspended mortgages for purchases for third homes, the Economic Daily newspaper reported on Thursday.
Housing prices have continued to heat up this year in many major cities, including Nanjing and Qingdao, according to data released on February 22 by the National Bureau of Statistics (NBS).
In Nanjing air max 90 donna blu , prices for new homes surged by 35.4 percent year-on-year in January, while Qingdao saw a year-on-year increase of 13 percent, according to the NBS data. Beijing, Shanghai and Guangzhou also saw price surges in January, rising 24.7 percent, 23.8 percent and 24 percent year-on-year air max 90 uomo blu , respectively, the data showed.
But rising prices do not seem to have curbed demand in these cities. In Beijing, a 100-square meter apartment listed at between 9 million yuan ($1.3 million) and 10 million yuan will be sold within a day or two, a Beijing resident who has been looking to buy one told the Global Times on Thursday.
The resident, who gave her surname as Liu, said that the competition to buy an apartment in better school districts has become so fierce that some sellers will "raise the price by 80 air max 90 blu elettrico ,000 yuan instantly."
Given recent surges in some major Chinese cities, more measures will likely to be introduced to curb prices, according to Yan Yuejin, research director at the Shanghai-based E-house China R&D Institute.
"There will be more cities imposing tightening policies and market regulations this year," Yan told the Global Times on Thursday, adding that policymakers during this year's two sessions air max 90 rosa fluo , also set a tone for tightening housing policies in cities with fast-rising prices.
A government work report, released during the meeting that concluded on Wednesday, said that the government will take a "city-based approach" to tackle issues in the divergent real estate sector. It will help third- and fourth-tier cities destock by ensuring demand, while curbing rising prices in some major cities by increasing land supply and tightening regulations.
With the government giving more attention to the issue, tougher measures to cut excess supply and curb prices will be seen this year, according to Yan.
However air max 90 donna nere , the restrictions are aimed at cracking down on speculation and other illegal activities in the housing market, Yan said.
"For consumers who are buying apartments to live in, there's no need for worry, especially those with stable jobs … after all, the restrictions target speculative demand," he said.
By Xinhua writer Zhang Zhongkai
BEIJING air max 90 uomo nere , May 4 (Xinhua) -- China is in the midst of what proponents are heralding as its harshest crackdown on financial risks in history: a campaign that is by no means a fleeting gesture.
This is not the first time that the central authorities has stressed to address financial risks, but a such a concerted, comprehensive push is rare.
China's top leadership promised last week to review financial regulations after the financial watchdog rolled out a string of tightening measures targeting shadow banking and other undesirable practices.
The authorities' determination is undoubtable, however, supervisory tightening could face challenges in the short term.
The results of official and private surveys indicate that China's manufacturing activities were easing expansion, and jitters over tightening policies are already palpable on the financial markets air max 90 nere scontate , stoking sentiment of an abrupt end to tightening.
One thing is clear: China will not backtrack -- deleveraging is good for the economy.
Regulation released this week targeted local debt and illegal fund-raising.
While the country's overall leverage ratio is manageable, in some sectors it is expanding at an alarming pace.
The authorities are on top of financial risks. A financial crisis occurs when those in power bury their heads in the sand and refuse to act. Here, the challenges have been recognized, but it is important that they are dealt with in a timely manner and with the correct measures.
Leverage comes by the pound and goes away by the ounce. The stockpile of debt from previous governmental over-stimulus alongside poor corporate management and lax financial supervision will take time to digest.
Deleveraging is no overnight task. It will be a gradual process calling for a delicate balance between tightening regulation and avoiding financial turmoil.
Poor coordination among financial regulators has the potential to lead to faster-than-intended slowdown of credit growth and greater market volatility, throwing the economy into a downward trap.
At the end of the day, sustainable growth is the fundamental targ.