Status: End  2010-03-05 00:00 ~ 2010-03-20 00:00

High housing price vs. low income

China’s housing price has become one of the hottest topics during the two sessions (NPC and CPPCC), as most ordinary Chinese people find it more and more difficult to buy a flat in cities. Is it because housing price is too high or people’s incomes too low?
 



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China's real estate market was artificially distorted. It’s a big bubble and very dangerous. The government should take strong measures to stabilize housing prices.

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The housing price is relatively reasonable. What the government should do is adjust the structure of the national income distribution, gradually increasing the proportion of the of residents’ incomes.

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