Chinese real estate market has no bubbles, expert

时间：2006-10-26 08:58:34

（单词翻译:单击）

Chinanews, Beijing, Oct. 26 - Chief economist1 on Chinese issue from J.P.Morgan Frank Gong said on Monday that over the next few years, Chinese economy would continue to grow with increasing momentum2. Fortune accumulates rapidly and many foreign investors3 are still very optimistic about Chinese property market. At the same time, there is still a great potential for Renminbi to appreciate. Based on these factors, it is reasonable for real properties in China to raise their value by 10% every year.

 

In his speech at a real estate financial forum4, Frank Gong said that the pressure on Renminbi appreciation5 was the result of inflation. He said that at present, when Renminbi was not making much gain in value and the consumer price index (CPI) was rising slowly, the inflation was shown by appreciation in the real estate market.

 

Apart from Renminbi appreciation factor, Gong noted6 that if China’s macro economy could grow at an annual rate of 10% over the next few years, then the 10% appreciation rate in the real estate market would be “reasonable and normal to the economic situation.”

 

He pointed7 out that over the past decade, Chinese people’s disposable income had grown at an annual rate of 10-11%, while price in property market risen by only 6% on average every year, far below the GDP growth rate and the growth rate of people's disposable income.

 

According to him, Chinese property market, on the whole, was in a healthy state in the past eight years.

 

“There are definitely no bubbles appearing in Chinese property market,” said Frank Gong, who predicted that over the next three years, Chinese property market would still remain a most ideal market for international investors.

 
分享到：


点击收听单词发音收听单词发音  

1 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
2 momentum DjZy8     
n.动力，冲力，势头；动量
参考例句：
  • We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
  • The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。
3 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
4 forum cilx0     
n.论坛，讨论会
参考例句：
  • They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
  • The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。
5 appreciation Pv9zs     
n.评价；欣赏；感谢；领会，理解；价格上涨
参考例句：
  • I would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
  • I'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。
6 noted 5n4zXc     
adj.著名的，知名的
参考例句：
  • The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
  • Jim is noted for arriving late for work.吉姆上班迟到出了名。
7 pointed Il8zB4     
adj.尖的，直截了当的
参考例句：
  • He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
  • She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。

©2005-2010英文阅读网