Cheng: Price inflation highlights some of the city's housing bubble

According to the Shanghai Securities Daily reported that yesterday, the former deputy chairman of the NPC Standing Committee Cheng in the "11th session of the Chinese settlement" said that the real estate to stimulate the Chinese economy is of great significance, but the soaring prices highlight some of the city housing bubble. "The settlement has gone through the course of 11 years, the settlement of the years will almost always become the observation of the real estate industry, the window and wind vane."　　"Cheng bluntly, real estate to stimulate China's economy, promote stable and rapid economic development, has important significance." "At the meeting last year, I stressed the need for strong confidence and efforts to develop." China has 1.3 billion people, the real estate industry has a huge development space, especially in 2009 in the process of protecting 8, real estate played an important role in stimulating economic recovery, the development of building materials, construction and other industries, and provide a lot of jobs.　　"he said. Cheng also pointed out that China's real estate should be seen contradictions and problems are still outstanding. "In particular, property prices have soared in recent times, which could create a partial housing bubble in some cities," he said. At the same time, it also poses a risk of excessive leverage. "To this end, Cheng said that through a deep and efficient industrial chain integration, the real estate growth model from extensive to intensive change, so that China's commercial housing market reasonable and orderly steady and healthy development, better meet the different levels, different demand for home buyers."