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A Study on the Macro-Control Policy of China Real Estate Development
Abstract
The real estate industry as a pillar industry of the national economy has a pronounced effect on the national economy and social development, and the real estate market failures significantly affect the fairness of the transaction and efficiency. However nowadays housing security system is not perfect, and not conducive to long-term healthy development of the real estate industry. On the basis of analysis of the status of Chinese real estate industry development, we analyzed the need for macro-control, and summarized the macro-control of the real estate industry policy formulation and evaluation standards, and regulation mechanism and means from both theoretical and empirical; then this paper interpreted the implementation of the real estate macro-control policies of 2003-2012 and found their effectiveness. Finally, a few suggestions are made to our real estate development enterprises in the national macro-control policies, and pointed out the appropriate response measures.
Keywords: Macro-Control Policy, Real Estate Development, Regulation
Introduction
Since Chinese reform and opening up, residential real estate market has continued to play an important role in stimulating economic growth and improving the people’s standard of living, and thus has become the pillar industry of China’s national economy. However, some problems are gradually exposed because of the rapid development of the process, such as the abuse of land resources, demolition infringement, the high financial credit risk, structural imbalances in market supply and high prices. Therefore, in order to compensate for market imperfections, the macro-control of the Chinese real estate industry has a great significance for building a moderately prosperous society, building a socialist harmonious society. The study on macro-control of the real estate industry at abroad is mainly concentrated in the two major areas-land economics
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