Mr Liu: House prices will not soar four quarter GDP not exceeding 9%

House prices will not fall or soar in Hunan Provincial party committee of the Central Group (expanded) focus on learning seminars, the chairman of the CBRC said-"Hunan economic development has four distinct advantages, namely, location advantages, human advantages, resource advantages and the advantages of the latter." "Yesterday morning, in Hunan Provincial Committee of the Standing Committee of the Central Group (expanded) focused on learning lectures, just accompanied the return of President Hu Jintao, China Banking Regulatory Commission chairman Liu, analysis of the current international and domestic economic and financial situation, the development of China's banking industry is introduced and analyzed, and financial services in Hunan development,　　The author puts forward some suggestions on the adjustment of industrial structure and the establishment of modern public service management system. China's GDP growth will fall to below 9% per cent in the four quarter, Mr Liu predicts, and there will be no big drop in prices and no big gains, basically maintaining the status quo. He also proposed that, in the "Twelve-Five" period, in each county in Hunan province, the local credit Union as a unit, the establishment of direct service to the countryside, contact the vast number of farmers in modern financial institutions.　　In this regard, Hunan Provincial party committee secretary, Zhou, director of the Provincial People's Congress, said, "This sentence is very high in gold, is a significant positive, I hope the relevant departments, especially the financial sector seriously understand and implement." GDP will be no higher than 9% in the quarter. "At present, the domestic economy has achieved steady and rapid growth, the growth trend has returned." Mr Liu said China's gross domestic product grew by 10.6% in the first three quarters, with a two or three-quarter growth of 11.9%, 10.3% and 9.6% respectively. GDP growth in the fourth quarter is expected to fall further, by about 0.6% or more.　　He predicts a full-year GDP growth rate of 9.8% to 10.2%. In the seminar, Liu said that since this year, the total growth of China's social consumer goods sales has been maintained at about 18% of the high level of operation, consumption, investment demand has continued to maintain rapid growth. However, he expressed concern about China's current export status. In September, China's total exports grew by 25.1%, slowing 9.3% from last month and a monthly trade surplus of $16.88 billion, to its lowest level in nearly five months, he said. Since the resumption of the renminbi reform process in June, the renminbi has appreciated more than 2.6% against the dollar, which has put a lot of pressure on exports. "Exports fall, the situation is not optimistic." "The real estate market tends to stabilize for the April this year, the state-run real estate market regulation of the New deal, Mr Liu said that from the current real estate market conditions, the regulatory effect is still apparent." Since the country issued 10th documents, the real estate loan added monthly decline, the national commercial housing sales area year-on-year decline significantly. But prices have not fluctuated much.　　September, the demand for home purchase rebound, before and after the national Day, the relevant departments and local governments have introduced new measures, after the real estate market has also significantly cooled. "Now, the real estate market will not be a big decline, but there will never be a big increase in the basic stability of the operation." "said Liu, fromThe effect of policy regulation, the real estate investment demand has been initially suppressed, although the first-tier city house price fluctuations are not obvious, but the trading volume has dropped significantly.　　To encourage Hunan to set up modern rural financial institutions in the development of financial services in Hunan Province, Liu's focus is on the rural financial services, small enterprises financial services, major project construction and other aspects of in-depth analysis, and hope that Hunan focus on rural finance, pay attention to the financial needs of farmers, and strongly support small enterprises. Liu said that rural financial services to meet the different levels of financial needs, the development of unsecured farmers micro-credit loans, promote the farmers ' UNPROFOR loans, to farmers more financial support. Because there is no collateral or a lack of sufficient collateral, farmers and small business owners often find it hard to get enough money from the banking institutions to lend to them as normal. Mr Liu asked the banking sector to pay more attention to these groups and to develop and vigorously promote products that meet the needs of rural and small business funds. (newspaper reporter Shoson intern tangxiaojun)