Regulate prices like inflation

China Economic Forum of 50 people, Sina Finance and Tsinghua Institute of Economics and Management held jointly by the Sina Changan forum 172th days ago. 50 People Forum members, China Development Research Foundation under the Deputy Secretary-General Shangmin published a title "On the real estate also need to regulate what?" Keynote speech.　　He said that China's real estate prices in the rapid rise, the real estate industry is very easy to produce a large economic bubble industry, so in order to ensure the long-term smooth development of the industry, can consider the macro-control of inflation in the real estate industry to macro-control. Shangmin said that regulation of inflation, first of all, has a very clear, very authoritative price index--CPI; At the end of last year, for example, the central working Conference set out that this year's inflation control target is 3%, that is, if the CPI exceeds 3%, a series of monetary policy, fiscal policy will be introduced.　　Third, the regulation should be dominated by macroscopic means. Shangmin that the way to control inflation, housing prices should also have a big goal. First, quantify the goal management. To establish two core indices. An index is called the Urban Basic house price index. China's current house price index, the Ministry of Construction out of a set, the development and Reform Commission out of a set, a set of statistics, a variety of figures continue to appear, and many are contradictory, which will make regulation very difficult. So there should be an authoritative index. In this index, the market should be the intervention of those small towns housing, affordable, villas, high-grade rooms are excluded.　　Because the real regulatory goals are irrelevant, the rest can be called the city's basic housing prices. With basic house prices, there should also be a basic rate of change tolerance index, just like inflation has a tolerance of 3%. Beyond this tolerance, policies will be adopted. Shangmin that this number should be slightly higher than the inflation target, but it is best not to exceed the annual per capita income growth rate of urban residents.　　With these indicators, when the housing prices to intervene in the whole society will be very clear. In addition to the upper limit, there is a lower limit. To find a way to make real estate "soft landing", let it slow down a little bit longer. With the upper limit and lower limit, if the basic house price fluctuates in this range, the government thinks it is a relatively normal market and does not intervene. Once this limit is exceeded, a variety of regulatory mechanisms may be initiated. According to the economic reference journal