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THE INACTION of the GOVERNMENT All land is owned by the government, and income from selling land forms a major part of its income. Real estate is one of the pillar industries of the Chinese economy, contributing more than 16% to China’s GDP in 2013. Land conveyance fees have become the most important revenue sources for local governments. In cities like Beijing, Shanghai and Tianjin, income from land sales reached close to 30% of government income in 2013 (The Table below shows the detailed ratio), while in smaller cities such as Hangzhou and Wuhan over half of their annual income comes from this source. Local government relies on land sales to generate revenues to fuel economic growth, to launch urban renewal projects, and to provide services.So how could the housing price really go lower?Impossible Company Confidential Company Confidential Secret Company Confidential Company Confidential Company Confidential ? Nokia 2009 Company Confidential Company Confidential Company Confidential Company Confidential PPT模板下载:/moban/ 行业PPT模板:/hangye/ 节日PPT模板:/jieri/ PPT素材下载:/sucai/ PPT背景图片:/beijing/ PPT图表下载:/tubiao/ 优秀PPT下载:/xiazai/ PPT教程: /powerpoint/ Word教程: /word/ Excel教程:/excel/ 资料下载:/ziliao/ PPT课件下载:/kejian/ 范文下载:/fanwen/ Prices RISE or FALL, it is a Question The house price debate Only on theme presentation Market Drivers The URBANIZATION process China is undergoing a rapid and massive urbanization process which is expected to last for the next ten to fifteen years. As urban economies grow much faster than those in rural areas more people are moving to the cities in search of better opportunities.(Figure 1) In 2003, there were 40 cities with more than one million livers in China, this number increased to 122 in 2013. The population in each of the first tier cities has now exceeded 10 million. By the end of
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