Tsinghua University Professor Weijie: Next year house prices will rise

Weijie, Director of China Economic Research Center, Tsinghua University. (Photo source: Sina Finance and Economics Liang photo) Our Changsha news "How cool!" But why consumption does not come, not without money, is not spent.　　Yesterday morning, Weijie, an economist and professor of the School of Economics and Management at Tsinghua University in Hunan Province, analyzed the current problems of China's transformation. Weijie that the export-led and investment-led shift to consumption-led growth is hampered by "people not rich enough".　　His judgment is that the state will keep the capital markets and the real estate market active in order to increase the property income of the people. "At present, domestic inflation pressure is very high, combined with the depreciation of the dollar, resulting in shrinking foreign exchange, the renminbi internal devaluation, foreign appreciation." "In recent months, the" price hike "has become the most talked about topic, Weijie pointed out that 2008 years ago, export-led growth, is the use of Chinese products in exchange for foreign banknotes, foreign exchange flows to China, forcing the central bank to use renminbi to buy foreign currency, the yuan to society, causing inflation.　　The investment-led growth since then, namely loose monetary policy and active fiscal policy, has led to more money flowing into the society and rising prices. Weijie pointed out that the core issue of the transition is from the original export-oriented growth mode, investment-driven growth mode, to domestic demand-driven growth, consumption-supported growth, and consumption is not strong enough, because the income is not high enough.　　He also proposed five ways to increase national wealth, including tax cuts, tax rebates, a tax starting point from 2000 to 3000 yuan, to increase the state's social security funds to pay the proportion of farmers and backward areas of income, such as residents. Yesterday, the stock market continued to fall, many on-site to listen to lectures of investors said "just cut meat, depressed mood." "Inflation will be more stressful next year, with CPI, PPI, stock prices and house prices rising."　　"And unlike many people, Weijie believes that increasing the income of residents is mainly to increase their property income, so he judged that in the case of rapid growth in housing prices, the country will not be a big blow to the property market, and the stock market will rise next year." Yesterday's lecture is "Tsinghua Economic management College teacher lecture" series of "Changsha Line", by Tsinghua University and the CPC Hunan Provincial Committee of the Communist Party of China directly under the Ministry of the Ministry of Education, hundreds of Changsha listeners share Weijie's unique insights. Reporter Cai