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What are the strategies for China's economic policies to influence the real estate market?
Although the call for stopping the real estate bubble in China has been getting louder and louder since last year, the established policy of continuing to promote the development of the real estate industry has never wavered. Since the beginning of this year, Director Xie of the Housing and Real Estate Department of the Ministry of Construction has always stressed on different occasions that in the next stage, it is still necessary to invigorate the market and further start housing consumption; It is necessary to enliven the real estate market and start housing consumption as an important measure to implement the spirit of the 16th National Congress and the Central Economic Work Conference, further expand domestic demand and stimulate economic growth, and earnestly do a good job.

It is understood that since last year, in view of the fact that the real estate market in some parts of China is a bit hot, the Ministry of Construction took the lead in issuing an early warning and started macro-control of the real estate market.

It should be pointed out that there is no contradiction between expanding domestic demand and preventing bubbles. As Director Xie pointed out, the central government regards housing as a new economic growth point, which should be an increase in demand.

She said that it is a good thing that local governments hope to stimulate economic growth by developing housing and real estate. As a competent department, we must do a good job. The key is to conscientiously implement the measures put forward by relevant state departments to strengthen macro-control of real estate and promote the healthy development of the real estate market on the basis of careful analysis of the market.

She believes that in some areas, artificially accelerating the growth rate of housing and real estate industry under the condition of inactive market can only lead to unreasonable vacancy and "virtual fever" of real estate.

It is reported that the State Council leaders have instructed to rectify and standardize the real estate market order as the focus of this year's special rectification in the State Council.

Rectification and standardization are the main lines of the real estate market this year.

The reporter learned from a large number of local real estate projects that many provinces and cities in China are actively implementing the central spirit and taking a series of measures to make real estate develop healthily. Anhui, Liaoning and other provinces, according to the local economic development and the supply and demand situation of the real estate market, began to prepare the medium-and long-term plans and annual development plans for real estate development in the region to control the total amount of new construction and the scale of development.

-Shandong Province actively promotes the real estate development project library system.

-Xiamen Construction Committee and Real Estate Bureau have established a real estate market information disclosure system, and timely released information on land transfer, supply and marketing of commercial housing and commercial housing under construction to the public, so as to guide real estate development enterprises to make rational investment and consumers to make rational consumption.

-Jiangmen City, Guangdong Province, construction, planning, planning, land and other departments jointly implement total control, scale control and project layout control of the real estate market. For development enterprises with a large number of vacant houses, we will issue indicators to digest vacant commercial houses. Those who have not completed the task shall not participate in land bidding, and the planning, planning and construction departments shall not approve new projects. The implementation of these measures and systems has played a very important role in guiding the healthy development of the real estate market.

-The preferential tax policy for overstocked real estate in Hainan Province was extended to the end of 2004 and extended to Beihai City, Guangxi.

-Guangdong, Shanghai, Zhejiang and other places have gradually improved the pre-sale conditions of commercial housing, which has played a positive role in limiting new projects started by real estate development enterprises with weak financial strength and preventing speculation, speculation and "unfinished" properties.

Director Xie pointed out that in the first half of this year, the Ministry of Construction will complete the research on the early warning system of the real estate market and select 5-6 cities that have already carried out early warning system research for trial operation; It will be promoted in 35 large and medium-sized cities and some representative cities before the end of the year, so that the government can find out the problems in market operation in time and take corresponding measures to strengthen macro-control. All localities should take the early warning system as an opportunity to establish and improve the information disclosure system of the real estate market, announce the local real estate market information to the public in a timely manner, guide real estate development enterprises to invest rationally, and guide housing consumers to consume rationally.

At present, with the consent of the State Council, the Ministry of Construction, together with the Ministry of Land and Resources, the Ministry of Finance, the People's Bank of China, State Taxation Administration of The People's Republic of China and the National Bureau of Statistics, has established an inter-ministerial joint conference system for macro-control of the national real estate market, regularly analyzing the situation of the national real estate market and strengthening the supervision of the market operation in key areas.

Director Xie also said that all localities should reasonably control new projects on the basis of careful analysis of market demand. In areas with a large number of vacancies and rising too fast, it is necessary to strictly control the incremental land supply and stock land development, and control the construction of new high-end apartments, villas, high-end entertainment facilities and other projects.

She said that cities with per capita housing area lower than the national average should increase the proportion of residential land when examining and approving the overall urban planning to ensure the supply of housing land for low-and middle-income families; For cities with relatively high housing prices, it is necessary to control the development of high-grade commercial housing and increase the supply of affordable housing and low-priced commercial housing; As soon as possible, we will make clear the standards for purchasing affordable housing, the standards for controlling the area, the auditing departments and procedures for purchasing affordable housing, and ensure that the preferential policies for affordable housing are truly implemented in low-and middle-income families. This year, the Ministry of Construction will, together with relevant departments, issue the Measures for the Administration of Affordable Housing to further clarify the policies related to affordable housing.

In the past five years, the completed area of urban housing in China was about 3.4 billion square meters (estimated at 700 million square meters in 2002), and the renovation of dangerous houses was about 500 million square meters. Nearly 50 million urban families improved their housing conditions. The average annual completed residential area reached 680 million square meters, more than twice the average completed residential area since the reform and opening up. The per capita residential construction area in cities and towns has increased from 17.6 square meters in 1997 to about 22 square meters in 2002, and the per capita residential construction area can reach 70 square meters, which can meet the basic living needs of residents. The living function and the level of supporting facilities have also been significantly improved.

Since 1998, the proportion of urban housing and real estate investment in GDP has increased from less than 6% in 1997 to 7%-7.8%, and it has maintained a high growth rate, driving GDP growth by more than 1 percentage point every year, driving the output of dozens of related industries to increase. Personal housing expenditure has risen sharply, which has played an important role in expanding household consumption. 200 1, the transaction amount of individuals purchasing new commercial housing reached 367.5 billion yuan, 4.54 times that of 1997; Residents of 35 large and medium-sized cities bought 78.6 billion yuan of stock houses. Coupled with personal investment in other forms of housing construction, the total expenditure on individual housing in cities and towns nationwide reached more than 750 billion yuan in that year, which could drive related consumption by nearly one trillion yuan.

Over the past 20 years, the housing level of Chinese residents has been greatly improved, but it is still a low-level development that is suitable for the development stage of "basically well-off". According to the national census in 2000, the per capita housing in urban and rural areas is 0.78 sets (including 0.75 sets in cities and 0.79 sets in towns and villages), and only 45% of households own three or more houses (close to per capita housing 1 set, including 3 1% in cities, 4 1% in towns and 48% in rural areas). The rate of complete housing in urban and rural areas is about 67% (including 7 1% in cities and 62% in towns). Households with per capita housing construction area less than 8 square meters still account for 9. 1%, about 309 1 10,000 households, including about152,000 households in cities and towns, involving nearly 50 million urban population. Poor family bathing facilities. Only 27.5% of households use clean energy such as gas and electricity as fuel (72% in cities and 44% in towns), and the rest are firewood and coal. It is an arduous task to comprehensively improve the quality of life of urban and rural residents.

From a national perspective, the total supply and demand are basically balanced, the supply structure tends to be reasonable, the housing quality has been greatly improved, and the sales price trend of commercial housing is basically consistent with the overall economic situation, showing a rational and healthy development trend without ups and downs.