Research On Current Macro-control Policies Of Chinese Government In Urban Housing Market

Real estate plays an important role in Chinese economy and contributes greatly toGDP. Housing market in the real estate，which is related to people’s livelihood andsustainable social-economic development, need to optimize resource distributionunder government’s intervention and ongoing adjustment, to implement socialharmony. Housing regulation is an important part of macroeconomic regulation.Industrial policy, financial policy, monetary policy and administrative measure areeffective means for Chinese government to safeguard the housing market developedharmonious and orderly.Chinese realty business has been to ‘golden decennium’ from2000, while evilsexist too. Since2004, real estate market is always the key target for macro-control.Under the leadership of the State Council and with the cooperation by manygovernment departments, the policies and measures have obtained certainaccomplishments, but some problems still exist. For instant, multi-stakeholder game,the time-lag of housing policy, the shorttermism of housing policy, which will hurt thelong-term development and social harmony, and all the problems need to adjust and togive detailed guidance. In the first chapter, this paper traces the development historyof Chinese urban residents’ realestate market. And analyzes the data of the market from2006to2011. In the second chapter, this paper elaborates the evolution and effect ofthe housing policy by Chinese government since2003till recently. In the third andfourth chapters, the paper analizes the problems during the implementing of housingpolicy, meanwile, the paper gives some opinions and suggestions: Firstly，coordinatethe relationship among multi-stakeholder during policy formulation andimplementation; Secondly, weakening time-lag and increasing policy’s efficiency;thirdly, avoiding housing policy’s short-termism; in concluding, the paper analyzesmain factors which may affect the trend of property regulation to2012and the nextfew years, and looks forward to the future of Chinese real estate.