Frank Gong: Commercial real estate will become the sustainable growth point of real estate industry

November 1, JP Morgan, managing director of the Asia-Pacific region, said at the Frank Gong Capital Forum in China after the Chinese real estate year in Monday, because the future service industry and consumption in the Chinese economy accounted for the rise in the demand for commercial real estate will be increased, commercial real estate will become the real estate industry continued growth. "With the promotion of services and consumption in the overall economy, commercial real estate directly related to the service industry is developing rapidly and the prospects for development are extremely bright". "If our economy is to be driven by domestic demand, by consumption and by services, its demand for commercial real estate should rise to a much higher level," Frank Gong. Frank Gong that the recent state of residential real estate has more and more policy regulation. From the perspective of investment capital, the international economy will continue to slump in the next few years, monetary policy environment and liquidity will continue to remain loose.　　At this time, although Chinese residential real estate will still become the pillar industry of China's economic real estate, but because of government intervention, commercial real estate will become the real estate industry more sustainable growth point; In addition, commercial real estate and economic restructuring has a certain relationship, because the service industry is still in Chaoyang industry. China's total economic output over the next decade will exceed the United States Frank gong that the Chinese economy has been showing a very high trend of development, in the next 8-10 years, the Chinese economy to maintain more than 8% of the growth problem is small, and 8% of the growth is very conservative estimates. Frank Gong is confident that China's economy will grow and overtake, saying that China's total economy could reach $20 trillion trillion over the next decade, becoming the world's largest economy, surpassing the US.　　10 years after the United States, the economy may only be 18 trillion dollars. He said China's current economic size is 5.5 trillion U.S. dollars, but such a rapid economic development is to rely on many industries to promote. In the next 10 years, the most significant changes in China will be the restructuring and restructuring of the economy, namely the upgrading of the service sector in the overall economy and the rise in consumption in the overall economy. (June Ping from Shenzhen)