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Shenzhen housing prices from the beginning of 2015, rose to the world's second-highest; Even more frightening is that the first half of A shares in 1305 companies to invest in real estate. This housing market activity, the economy has emerged weak phenomenon of weirdness, the potential hidden worries of the Chinese economy.
On the evening of September 15, CNBC, one of the most influential news stories in the US, cites a recent study by Longview Economics, a US-based economic consultancy, showing that in some cities in China, housing prices have risen dramatically in the past year, The second most expensive city, second only to the global science and technology center San Francisco Silicon Valley San Jose.
"I think what's happening is worrying," says Chris Watling, chief executive of Longview Economics, who was interviewed in front of the television camera. "Some valuations are really unusual, and we've tested them seven times over and over again. Shenzhen is not necessarily the world's second-largest housing price, but Longview is the typical residential price, since early 2015, Shenzhen housing prices rose an average of 76%, in particular, is the price of Shenzhen, Last year, the Chinese stock market reversal in the peak, the Shenzhen property prices began to accelerate the rose, Beijing, Shanghai and Shenzhen, the trend is similar, but not so extreme. Shenzhen, the typical residential price has reached eight hundred thousand US dollars or so, housing prices than seventy times, which is higher than London's sixteen times higher.
* * 70 years to eat or not to buy a house, fear is the starting point of economic decline **
In response to this phenomenon, Qingdao University School of Economics Professor Yi Xianrong also published a comment, entitled "house soared, market numbness, fear of storm on the eve!" He pointed out that the price income than seventy times, a person life, seven Decade to eat or drink, can only buy a suite, then this can make people live? This not only means the beginning of the decline of these cities, but also means that the Chinese economy has come to the opposite of the overwhelming majority of people, China's economic development so that the interests of the vast majority of people damaged, if so, the consequences are very serious.
Qiu Baoxing, former State Council counselor and former vice minister of housing construction, also sent a letter to the central government to suggest that the State Council should consider adopting a "moderate, decentralized, decentralized and decentralized control policy" and proposed a split in real estate taxes. To deal with the issue of renewal of property for the property market to cool down. "
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