Mao: The rich people are not the developers

The picture is the director and economist Mao of the Beijing Economic Research Institute. (Photo source: China entrepreneur Network) Click here to view all financial news Pictures "Why is the real estate market demand so high?" Because everyone has money in their hands. It is true that many people cannot afford to buy a house, but there are many people who can afford it. The rise in house prices is not the developers a, but the people carried up. Developers want to sell high prices, but they can not be fired "" prices so expensive, why do we still buy it? Or because of the money in hand. If there is no money to buy a house, how many houses are sold? If you don't have the money to buy a house, the price won't go up. "Beijing Mao Economic Research Institute director, economist, said yesterday in the 2009 Pearl River Delta Private economy and the Pearl River Delta Business Leaders Summit, the root cause of price speculation is not developers a, but people too rich." He pointed out that the price is to be pulled up, if the House no one to buy, prices must not go. The following is the full text of the Mao: this financial crisis from the United States, affecting the whole world, our country also unavoidably be implicated. In this context, we should do something, this is a matter of more concern to everyone. I think China's problems are fundamentally different from those of the US. The financial crisis in America has led to the collapse of many big banks and insurers, and triggered a vicious chain reaction, which is the characteristics of the financial crisis, and China does not have such a problem, no banks, insurance companies and other financial institutions fail, also did not trigger a chain reaction, but our export processing has been affected, financial related areas are also affected,　　We call it an industry crisis, not a financial crisis. So how did the financial crisis in the United States result? Is lack of money, the people spend more money than earn, and our country is the opposite, the people spend less to earn more, hands have sufficient money, so we do not have the problem of cash flow. So how should we get out of the industry crisis? My view is to pay attention to the adjustment of industrial structure. China's foreign exchange surplus of hundreds of millions of each year, and gradually increasing, now China has 2 trillion of foreign exchange reserves, is the highest in the world.　　In the context of the global financial crisis, the imbalance of assets has brought great problems, which is not only a domestic problem, but also an international problem, must be adjusted. For domestic enterprises, it belongs to the growth-oriented enterprises or should make adjustments to the enterprise, this should be seen clearly. However, not all export-oriented enterprises have to adjust, some enterprises are still very good, such as the special technology and other people do not have marketing channels, then you can continue the original development model; If an enterprise is at the edge of survival, then be determined to adjust. In other words, to see the future of their own enterprises clearly.　　Comrade Wang Yang said, "Good to protect, bad to tune", but also this meaning. China's market there are many potential industries have not been developed. For example, the service industry in China accounts for only 40% of GDP, while India is 50% and America is more than 80%. Although China's per capita income is not as good as Japan's, it is much better than India. Look at the market, the service sector has developed rapidly in the last 20 years. Like car beauty, audio, beauty salons, mobile phone distribution, clinics, pharmacies and so on, now full street is the service industry. There is also a piece of education and medical care, we all think that education and medical care is very expensive, why expensive? Because of insufficient supply. Now many parents send their children to study abroad, they are willing to spend money for their children. The market for medical care is large enough to be fully open.　　These are opportunities, enterprises if they want to enter these areas of the threshold is not high, scale can be small, good business can have a higher return on investment, but also to solve the employment problem. I think the most important problem in real estate is the ratio of vacant rooms. Including the building of the not sold, the sale of the people do not live. Too many empty rooms can cause problems, such as making a profit on the house. Beijing's developers want to reduce prices, but do not dare, fear a drop caused a ripple effect, but the situation is different everywhere. However, the price is so expensive, why do people still buy it? Or because of the money in hand. If there is no money to buy a house, how many houses are sold? If there is no money to buy a house, the price will not go up. How did the price go up? Not the developers a carried up, but the people carried up. Developers want to sell high prices, but they can not fry. Now the real estate market demand is particularly high, why so high? Because everyone has money in their hands.　　We all say we can't afford it, but many people can't afford it, but there are many people who can afford it. What is the background of this situation? Look at our GDP. GDP is created by the wealth of the people of the country. Although the total amount is huge, the distribution of wealth is unbalanced and biased towards the rich. A small number of high-income groups in the gross domestic product of the proportion is very large, these rich people have no place to invest money, now the stock market risk is very large, no rich investment channels can choose, so had to enter the real estate market.　　At present, Shanghai and other places of housing vacancy rate has been a very high proportion, but the price is still hovering in high, this is very abnormal phenomenon, the government departments should reflect on their role in promoting the real estate market process. I do not agree that entrepreneurs, people will invest a lot of money in the stock market, because the Chinese stock market speculation is too heavy, and speculative process is no wealth to create, which is not sustainable for economic development.　　The state should introduce policies to encourage such money to enter the services sector, such as rural finance, SME loan companies, in fact, these areas of services are very scarce, if properly guided, will certainly reduce the pressure on the real estate market. "Chinese entrepreneur" website according to Mao speech recording and sorting, reprint please indicate the source