on rmb appreciation on chinas real estate market（人民币升值对中国房地产市场）.docVIP

On RMB appreciation on China’s real estate market [Abstract] The current appreciation of the renminbi and the overheated real estate market has become troubled by the healthy development of China’s economy an important issue, the RMB appreciation on the domestic real estate market there are both positive and negative aspects of the role of this issue in-depth analysis and discussion, and accordingly put forward corresponding countermeasures. [Keywords] RMB appreciation, the real estate market, measures 1 Background Since 2005 the exchange rate reform, China’s renminbi began to implement a market-based reference to a basket of currencies, managed floating exchange rate system. Recent and future appreciation of the yuan to become the dominant trend for some time. To July 21, 2005 to determine the exchange rate reform of 8.11 yuan against the U.S. dollar as a starting point, then that is the appreciation of 0.32%, the end of 2006 rose to 782.38 yuan per dollar, the end of 2007 rose to 736.76 per dollar, the yuan to May 2008 rate exceeded 700 mark, the dollar rose to 697.24, to February 2011, the RMB has appreciated 18.75% of the total. the coming period, the appreciation of the yuan will continue to maintain the trend, which is bound to China’s economy and real estate market development impact and shock. According to statistics, from 2005 to 2007, China’s real estate sales statistics are up 81.7%, real estate sales prices are up 34.3% in 2008, appeared in the national real estate sales declined slightly, but in 2009, real estate sales and real estate average price of a surge in sales, respectively, an increase of 50.9% and 20.75%, a record high [1]. RMB exchange rate changes on China’s macro-and micro-economic behavior of the subject there is a huge impact in this context and situation, the gaps between real estate and real estate market has also been a greater impact, as domestic and foreign of concern. 2 yuan appreciation on the im