(Beijing Comprehensive News) The first version of the Chinese official media published an expert interpretation, saying that the suspension of real estate tax legislation is mainly in response to the domestic economic situation, and the legislative direction has not changed.
The Legislative Plan of the Standing Committee of the 14th National People's Congress was announced on September 7. Among them, real estate tax legislation has not appeared in this legislative planning.
The Securities Times Monday (September 18) published an expert interpretation in the front page, saying that it is more cautious to temporarily relieve legislation.It may advance steadily when conditions are mature.
South China Morning Post analyzed that the implementation of Beijing's shelving real estate tax was mainly because the government was busy releasing the potential of house purchase to help developers get rid of difficulties and support economic growth.
The National Bureau of Statistics released data last Friday (September 15). In the first eight months, China's real estate development investment decreased by 8.8%year -on -year, of which residential investment fell by 8.0%.The Wall Street Journal of the United States quoted unofficial data, and the total sales volume of Chinese real estate companies in August decreased by 34%from the same period last year.
China has recently introduced a new mortgage policy, including "recognition of housing and not recognizing loans", reducing the proportion of down payment, and adjustment of the interest rate of stock loans. Recently, second -tier cities such as Nanjing Dalian have also canceled all house purchase restrictions.
Yi Xianrong, a former researcher at the Institute of Finance of the Chinese Academy of Social Sciences, believes that in an interview with the South China Morning Post, he believes that the "impact of the impact on the real estate market is minimalized on the real estate market."
He said that the real estate tax aims to suppress the rise and speculation of house prices by increasing the ownership of buyers, and reduce the pressure on local government debt.However, as the price is expected to change from "only rising or not," to "only falling", real estate supply and demand is changing.
Li Rong, a professor at the School of Finance and Finance of Renmin University of China, also believes that real estate accounts for high proportion of Chinese residents' wealth and is relatively sensitive.In recent years, the supply and demand relationship of China's real estate market has changed significantly, and it cannot be implemented at this time.
South China Morning Post pointed out that real estate is still the pillar industry in China, and nearly three -quarters of Chinese families are related to real estate.China National Financial and Development Laboratory issued a report in July. In the second quarter of this year, household debt accounted for GDP to 63.5%, an increase of 17.9%from 2008, which was approaching the 65%red line of the International Monetary Fund early warning.
