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|BEIJING Mousa Dembele Coupe du monde Maillot , Jan. 3 (Xinhua) -- Land sales increased in Chinese cities last year as the government moved to cool the market with higher supply, according to the China Index Academy, a property research organization.
Land sales in 300 Chinese cities totaled 950.36 million square meters in 2017, up 8 percent from 2016, while sales of land for residential projects reached 354.33 million square meters, an increase of 24 percent year on year.
Land sales in major cities like Beijing, Shanghai and Guangzhou were particularly robust Thorgan Hazard Coupe du monde Maillot , as local governments increased land supply to cool down runaway house prices fueled by huge demand and limited supply.
In China's first-tier cities, land sales jumped 46 percent year on year to 29.79 million square meters last year, according to China Index Academy.
Boosted by surging sales, revenue from land transactions rose 36 percent to 4.01 trillion yuan (about 620 billion U.S. dollars) in a total of 300 Chinese cities.
China's property market, once deemed a major risk for the broader economy, cooled in 2017 amid tough curbs such as purchase restrictions and increased downpayment requirements as the government sought to rein in speculation.
Due to these efforts, both investment and sales in China's property sector slowed. Real estate investment rose 7.5 percent year on year during January-November Divock Origi Coupe du monde Maillot , down from 7.8 percent in the first 10 months.
Property sales in terms of floor area climbed 7.9 percent in the first 11 months, retreating from 8.2 percent in January-October.
With the market holding steady, Chinese authorities are aiming for a "long-term mechanism" for real estate regulation, and a housing system that ensures supply through multiple sources and encourages both housing purchases and rentals.
A report from the National Academy of Economic Strategy predicted that the country's property market would remain stable in 2018 if there were no major policy shocks.
by Xinhua Writer Zhong Ya
BEIJING, July 18 (Xinhua) -- China's economy is operating within a reasonable growth range due to effective policies implemented by the Chinese government, say experts.
STEADY ECONOMIC GROWTH
The macro economy is judged by four indicators - economic growth rate, employment Steven Defour Coupe du monde Maillot , home prices and international balance of payment, said Yao Jingyuan, researcher at the Counselor's Office of the Chinese State Council, adding that China's economy maintains moderate but stable and sound growth.
China' economy continued its steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.2 trillion yuan (5.6 trillion U.S. dollars), data from the National Bureau of Statistics showed Monday.
Employment-wise, some 7.35 million new jobs were created in China's urban areas from January to June, accounting for nearly 70 percent of this year's goal of creating 11 million jobs.
On the prices front Thomas Meunier Coupe du monde Maillot , China's consumer price index, a main gauge of inflation, increased 1.4 percent on average in the first half of the year, said Yao, adding that neither inflation nor deflation is possible at present.
As for international balance of payment, China's foreign exchange reserves reached over 3 trillion U.S. dollars by the end of June, with balanced capital outflow and inflow.
EFFECTIVE GOVERNMENT POLICIES
"In my opinion the policy of the Chinese government has proven to be effective Dries Mertens Coupe du monde Maillot , a result from the base laid down two or three years ago," said Alexei Maslov, head of the Oriental Studies Department of the Russian Higher School of Economics Research University.
Maslov attributed China's steady economic growth firstly to gradual restructuring of the economy at the local level.
Secondly, the anti-corruption campaign also plays a key role. "It is estimated that even a partial victory over corruption may account for about 0.5 percent of GDP growth," Maslov said.
Maslov said the third reason is that China has begun to pay much more attention to the possible return of its investments abroad since 2017. In 2015 and 2016, there was a huge number of foreign investments, which were risky and did not achieve expected returns.
Maslov said other factors include a successful regulation of agriculture purchase prices and the closure of "zombie companies" Koen Casteels Coupe du monde Maillot , i.e. inefficient enterprises which are basically bankrupt or are only kept alive by bank loans.
"It's much better to let the zombie firms die because in the end the government is gonna have to cover all that debt basically," said David Dollar, senior fellow at the Brookings Institution in Washington.
Finally, according to Maslov, foreign trade, which stagnated for a long time, is gradually recovering globally now.
"China's GDP growth in the past half year is another sign of recovery in the global economy and China's centrality to it Simon Mignolet Coupe du monde Maillot , with strong trade performance helping to hold growth up," said Peter Drysdale, head of the East Asian Bureau of Economic Research and East Asia Forum at the Australian National University.
China's foreign trade has shown very good dynamics, an increase of almost 20 percent in the last six months, Maslov said.
The growth is the result of a number of factors, including China's adoption of new logistical flows, signing full or partial free trade agreements with a number of countries and the rapid development of e-commerce.
TO DEEPEN REFORM
China should "create a stable Kevin Mirallas Coupe du monde Maillot , fair, transparent and predictable business environment, and speed up efforts to build an open economy in a bid to promote the sustainable and healthy development of the Chinese economy," Chinese President Xi Jinping said at a meeting of the Central Leading Group on Finance and Economic Affairs on Monday.
"I think it's a good time for China to move ahead with economic reform because the economy is doing quite well and it's easier to ref. Cheap Jerseys China Cheap Jerseys Cheap Jerseys Wholesale Shirts Wholesale Shirts Wholesale Hats China Cheap Hats China Cheap Shirts Free Shipping Cheap NCAA Shirts Cheap Soccer Hats