Civil / Lin Yuan Fang Lemei invests a ministry
On August 26, liu Shijin of former vice director of research center of development of vice director of Economic Commission of the Chinese People's Political Consultative Conference of committee member of committee of Central Bank monetary policy, whole nation, the State Council is in 2018 Chong Li (the summer) estate tax speaks of on forum of Chinese city progress:
Estate tax still wants to ask for, governmental income turns into orbit of standard, legal system. But need creates system condition: Open land element market; Correct land price twist; Purify land above quota accrual; Avoid to repeat levy.
The growth rate of capital construction has glided to enjoy growth now, nevertheless the speed of estate still calculates stability, but fastigium has gone early also.
If continue even,relying on these two old grasper to stabilize growth is cannot reliable.
It is leverage issue above all, want to continue to rely on these two grasper to return so that then upgrade adds lever: Capital construction is the lever that adds a government, estate is the lever that adds a dweller.
But no matter be government or broad dweller, had assumed do not remove taller lever.
So how should this problem capture a title? Be two kill photograph authority to take its light, seek way additionally still?
We look first below this piece of past years comes graph of change of estate investment increment.
So called estate invests increment, will sell the ground, capital gains eliminate that buys real estate to be born to drop namely, the fixed assets that remains finally.
Everybody can see this increment is in 2012 - peak value appeared between 2014, later glide quickly, just appeared again to 2016 all the time new high point, but next go situation mix however we of expect of a lot of people big different.
After 2017, we think Chinese estate market was greeted generally new round big ox city, but from now on in light of graph of change of increment of investment of this piece of estate, in cycle of city of this round of building, the fixed assets that estate market comes into being finally presents negative growth state all the time.
What do this mean?
Wanted to understand this problem, knew the crux of the problem of instantly of Chinese building city, understanding naturally also to show level to buy a house is good it is bad.
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