Lessons from a city that is flourishing
takes hold, Chengdu is an exception. By several metrics, including house prices and sales of new homes, it is faring better than almost anywhere in the country. At a national level, the central government’s response to the deepening property crisis, including an interest-rate cut announced on June 13th, has underwhelmed. China’s benchmark stock index has fallen by 8% since peaking this year in early May, when the country still appeared to be rocketing towards a full.
What explains this success? Since 2016 officials in every Chinese city have been able to devise their own measures for cooling or heating local property markets. Most of the rules employed are restrictions on who can buy a flat, how many they may purchase and the size of the downpayment required. In most large cities, only people with local, or residence permits, are allowed to buy homes. In Chengdu, high-level purchase controls remain in place.
Chengdu’s officials also did a better job of tackling the crisis of confidence that spread across the country last year. As developers went bust, many failed to finish flats. Thousands of homebuyers responded by halting mortgage payments. Many more delayed buying new homes. Officials in Chengdu went to great lengths to ensure homes were handed over, funnelling cash to developers, says Ms Chow. Even defaulting developers managed to complete homes.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Lessons to be learned after deaths of six childrenThe deaths all took place between December last year and March this year, with five of those reported from the county's main hospital trust.
続きを読む »
Lessons from the Thames Water debacle\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
続きを読む »
I was Gareth Bale's schoolmate and once saw him batter athletics champion - he was a jokeEveryone knows that one kid in school who took P.E a bit too seriously. But for the pupils of a certain era at Whitchurch High School in Cardiff, lessons must have been an absolute nightmare given …
続きを読む »
Two children and woman killed in 'devastating' fire at home in CambridgeTwo children and a woman have died after a huge fire ripped through a property in Cambridge.
続きを読む »
Cambridge flat fire: Two children and a woman die in fireA boy and a girl were rescued from the Cambridge property but died later in hospital.
続きを読む »
Richard E. Grant puts luxurious holiday home in France on the marketThe 66-year-old is selling his beloved property, Le Pigeonnier
続きを読む »