1/5 China’s #economy has been under downward pressure this year,but unlike the past, housing policies havn’t been eased. Does this mean a “decoupling” of housing policy with counter-cyclical measures?At least not 100%, according to cf40 member Wu Ge: mp.weixin.qq.com/s/TMxIiUlVelvs…
2/5As housing market and the performance of #macroeconomy is highly connected, housing market policies may not fully abandon the counter-cyclical approach, although policymakers have said #housing market will not be used as a tool to boost the economy in short-term.
3/5From the demand side on housing market, lending rate has remained stable overall, which could help stabilize sales of houses. The loan prime rate reform shows that policies still emphasize “stability” of housing market.
4/5 From supply side, there have been no significant changes in land policies. What have had significant impact on housing supply are financing policies for housing enterprises. Despite some tightening measures,impact on financing of housing firms has been limited in general.
5/5 Looking ahead, while the performance of housing market may fluctuate, it still could remain a degree of resilience. The growth of housing investment for the first half of 2020 is expected to drop to 6%-9.5% from the current 10%.
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