| The real estate market of China has began in 80's of 20th century and developed rapidly with the reform of the housing system in 90's,since 2002 the price of the real estate has raised higher year by year and was transferred from consumer goods to investment goods.Especially in the October of 2007,the price of the real estate and stock market has attracted a large number of speculators and a great number of real estate market bubbles owing to its going up steadily.Simultaneously a growing gap has formed between the real estate price and the real purchasing power,which increased the instability of the market.We can make October of 2007 as the watershed;the real estate market price has soared tO an unreasonable extent.At the same time,owing to the bad influence of the sub-mortgage crisis of American bringing about the global financial crisis,the market of the real estate began to decline steadily.As following phenomena, the steady declination of the price in big cities,the wait-and-see strategy among consumers,the serious shortage of consume need has made the real estate turn the excess liquidity to shortage liquidity.The State macro-control becomes its tightening monetary policy towards the expansion of the monetary policy to support the consumers' credit.The fundamental characteristic of the real estate industry is human livelihood,which closely associated with many other industries.With its healthy and orderly development, we can not only make a better improvement in the quality of people's lives but also led the healthy development of the national economy.The policies of handling the relationship between the market and the government correctly,improving further the Government's macro-control in real estate market keeping the real estate industry sustained,healthy and stable development made our country avoid the impact of the current expansion of the financial crisis and accelerate the socialist modernization drive. In this paper,we talk about China real estate market and analyzed the development of estate market,and the measures,which the government should take and give some policies under the background of shortage and surplus in the market.The full thesis are included by the introduction and three parts,according to the logical order of "the phenomenon-statement a comparative analysis-questions askingpolicy recommendations" to analyze the trend of China's real estate and propose measures for the regulation of our government. In the introduction part,I clarify the origin of topics and practical significance; review of relevant literature;make illustrate ideas and research methods clearly,state the innovations of this article.In the first part,I give brief introduction of related theories of the real estate.In the second part,I analyze trends of estate market and problems under the background of liquidity risk in recent years.First of all,I give a start from the macro-trend of China's real estate market,analyze the sales and price of the different stages under surplus and shortage of movement;Secondly,I give a list the trend of estate market in big cities;Finally,with the perspective of investors of real estate,the government departments,the consumers and the domestic estate bubbles I clarify the problem clearly in the real-estate.In the third part,I researched government's measures to control the real estate market. Based on the national regulation in recent years I propose some suggestions to the healthy development of estate market.Innovation of this paper lies in:Firstly,under the economic context of the surplus turning to the shortage,the real estate market experienced the turning point that continues to rise in 2007 and decline in 2008.From different perspectives with the real estate businessmen,consumers and government the article discuss this phenomenon;Secondly,with the method of comparative analysis,I generalize the real estate bubble into several kinds and analyze the cause of China's real estate market to make sure which we can learn a lesson from here. |
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