An expert in the Academy of Social Sciences: inflation expectations

Inflation is expected to flood into the property market, but Mr Cao, director of the Institute of Investment and Market research at the Chinese Academy of Social Sciences, said yesterday that real estate was not the first choice for residents to evade risk and finance investment, leaving the real economy and the rapid rise in housing prices after households actually paid, perhaps next year. "Measured by the growth in money supply, China's broad money supply M2 is expected to be 55.2 trillion yuan this year, about 2003 years 2.5 times times, and the current large and medium-sized cities are 3-5 times the level of 2003, even in the total supply of housing for 6 years unchanged, house prices have been far more than the speed of money to increase the rate of growth has already lost the rising space. Mr Cao analysis said that if the relevant departments in the second half of the monetary policy tightening, now the hot housing market is bound to become a hotspot, so the property does not have the function of preserving and adding value.