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On the Real Estate Industry

Wu Shaqjun  
Now real estate industry plays a key role in pulling of China s economic growth. However there are many problems still exist in development of real estate industry such as high residence price, exorbitant profit and irregular operation. Especially real estate industry heavily depends on bank loans, which implicates high financial risks. Recently government policies have shown the signals to normalize real estate industry. Considering the importance of real estate industry to the national economy, the author suggests to take some measures to prevent the recession of realty industry while the real estate industry is normalized. Such measures include amplifying legal system, strengthening macroeconomic regulation, and setting up a standard perfect - competitive real estate market.
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