Academy of Social Sciences: domestic 85% families unable to buy

Photo Sansing-According to the Xinhua news Agency, the 2010 Economic Blue Book, released yesterday by the economic Department of the Chinese Academy of Social Sciences and the Institute of Chinese Academy of Social Sciences, said that there would be no significant inflation in 2010, as demand for rigid has been released and investment demand will be suppressed, and prices will not rise rapidly　　Asset prices will not rise sharply. "Economic Blue Book" pointed out that in the developed countries continued to turbulence adjustment, China's economic growth momentum from the government to the market, the continuity of economic growth, stability, the pattern of improvement in 2010, China's economy is expected to appear relatively moderate growth and low price rise of good situation.　　In the overall steady growth of demand, and the production and supply capacity of sufficient background, it is expected that 2010 China's economy will not appear inflation, CPI rose within 3%. First, the Blue book says asset prices will not rise sharply.　　Demand, the accumulation of rigid buying demand in 2009 has been released, speculative investment in the purchase of housing demand has been controlled (two sets of mortgages reiterated to be strict policy management, etc.), the future of real estate demand will not continue to expand rapidly.　　In terms of supply, 2009 real estate construction speed significantly accelerated, the second half of 2010 after the housing supply will increase rapidly, comprehensive supply and demand, the expected prices will not rise rapidly.　　Stock market, the Blue Book thinks, the stock market expands the space to be very big, including the non-negotiable, the weight shares full circulation, the IPO launches, the gem opening and so on, although enters the stock market the capital will increase quickly, but in the stock market rapid expansion as well as the macroeconomic situation generally stable pattern, anticipates the stock　　Commodity prices in the international market may continue to rise as a result of the weakening of the dollar, but the absolute level will not exceed 2007 years, largely because the ability of the international financial system to provide liquidity has weakened markedly, and deleveraging has gradually weakened the ability to speculate on futures products, which have inhibited demand for commodity futures. The rise in the price of primary products in the international market will push up domestic PPI prices and increase production costs for enterprises.　　In the fierce market competition, it is expected to reduce corporate profits, but not to the CPI transmission.　　The Blue Book said that if the 2010 world financial crisis no longer seriously deteriorated, the country does not appear a large range of serious natural disasters and other major problems, GDP growth rate will steadily rebound to about 9% of the growth level.　　Foreign trade is expected to improve, imports and exports in 2009 will be negative growth, respectively, 21% and 19.5%, the annual trade surplus will reach about 250 billion U.S. dollars, 2010 Import and export growth is expected to return to 2008-year level, import growth and export growth of 18.7% and 17.3% respectively. On the subject of much-anticipated inflation, the blue Book points out that China's economy is expected to show relatively moderate growth and lower price rises next year. In the context of a steady increase in aggregate demand and sufficient production and supply capacity, China's economy is not expected to show significant inflation next year, with CPI rising below 3% per cent.　　RELATED LINKS 85% home inability to purchase the Blue Book, the accumulation of rigid purchase demand in 2009 has been released, speculative investment in housing demand has been controlled, the future of real estate demand will not be sustained rapid expansion; 2009 real estate construction speed significantly accelerated, the second half of 2010 housing supply will increase faster, Combined supply and demand, housing prices are not expected to rise rapidly. Nevertheless, the Blue Book "85% families cannot afford to buy a house" points out that 2009 China's housing prices are too high, is the government's Land supply administration system, the developers hoarding land prices to profit behavior and other deep-seated reasons caused. The Blue Book also said that the 2010 sales area and the level of housing prices, mainly depends on the government's determination to stabilize housing prices and the introduction of regulatory reform measures.　　Housing demand is expected to rise to a certain extent, housing prices will rise modestly. The Blue Book says that home price income ratio (housing prices and urban households ' annual income ratio) should be 3-6 times the range, more than 6 times times the residents have been very difficult to buy housing, but also research that the housing income ratio in 6-7 times the range. According to this interval, the blue Book points out that the 2009 urban residents ' income house price ratio will reach 8.3 times times, far beyond the reasonable bearing range. The Blue Book pointed out that 2009 peasant workers ' house price income ratio is 22.08 times times, but to peasant's urban house price income ratio is 29.44 times times. In particular, the Blue Book stresses that 85% of households do not have the capacity to buy homes.