+
The
stock market fell after Premier WEN Jiabao commented on March 14 that housing
prices still are far from their reasonable level and that regulations therefore
cannot yet be relaxed.
+
WEN
said that housing prices should be adjusted to reflect residents’ income and
that there must be a reasonable match between housing prices, investments, and
profit.
The ratio of housing price to disposable income for the entire country peaked
in 2009
Slower
growth in housing prices is the main reason why the housing price/disposable
income ratio is declining
The rate of return in the real estate industry is not as high as previously,
and is lower than that of other industries
Other News Headlines:
n Premier WEN Reiterate That Housing Policies Will Not
be Relaxed
n Total Electricity Consumption in Feburary Increased
22.95% YoY
n CBRC Raises Loan-to-Deposit Ratio Target to Encourage Lending
n Pinggao Electric Wins Bid for State Grid’s UHV Project
n Tencent’s Revenue in Q4 2011 Increased 43% to CNY 7.92
Billion
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