At a policy briefing held by the Information Office of the State Council last week, Yu Bin, Minister of Microeconomic Research at the Development Research Center of the State Council, pointed out that the real estate market is now largely unstable, and the government has issued corresponding policies to promote a soft landing of the real estate market rather than to bring the real estate back to the high-added track from scratch. From the point of view of capital contribution alone, the average annual growth rate of real estate investment from 2000 to 2013 was 24%, which was due to the high addition of oversupply, resulting in a substantial decline in initial investment income in 2013.
In the long run, the growth rate of real estate investment will be at the level of 7%~8%. "Why is it called 7%~8%? We estimate that in the future China's economy will increase by about 7% and GDP by about 7%, which means that the income of urban and rural residents will increase by about 7%. Purchasing talents will insist on this income increase. In addition, the annual urbanization level will advance by about 1 percentage point. The speed of adding 7%~8% to real estate investment. " Under the economic downturn, the stock market rose sharply, Yu Bin indicated that through innovation, structural adjustment, transformation and promotion, the inherent rationality of economic work has advanced, and the quality and efficiency of economic work has certainly improved, which has laid a good foundation for the stock market to rise.