Let the market have a big say on housing prices
 |
|
Potential homebuyers examine a property project model in Hangzhou, capital of Zhejiang province, Aug 31, 2014.[Photo/Xinhua] |
Just let the market decide the price equilibrium. By subsidizing the market, it will only keep prices at an unsustainable level longer. The concern of falling housing prices is the health of the housing market and it in turn hurts economic growth. The same resources should be allocated to more meaningful areas such as renewable energy or simply pulling the fund to invest in technology and knowledge.
Jade Morris from Australia
I’ve lived in China for quite a considerable time including my graduate school years, travelled and worked in a few cities and still choose my destination taking into consideration the density of smog or PM2.5 particulate matter in the region.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
