Bubbles appear in Chinese property industry, CASS

时间：2007-01-31 00:06:08

（单词翻译:单击）

Chinanews, Beijing, Jan. 30 – Chinese property market has already displayed some bubbles and there are problems existing in nearly all aspects of the industry, says a report released by the Chinese Academy of Social Sciences.

 

The report, titled "2007 China Service Industry Development", is made by the Chinese Academy of Social Sciences (CASS) and the conclusion is arrived at by its summarizing the situation of property market in China.

 

The report mainly discusses four points in support of its conclusion.

 

Firstly, housing prices are too high and have climbed too rapidly. The report says that based on common situations in the world, it is normal that housing price in cities and suburban1 areas in a country is usually 2.6 times that of people's family income. In China, however, the ratio of housing price to people's family income now generally stands at 7.6:1. In some cities, the ratio can be as high as 10:1.

 

Secondly2, there is an oversupply3 of houses and an irrational4 industrial structure in real estate market. At present, the total number of houses available has already exceeded the demand for these houses. There is a high vacancy5 rate of commercial housing and the vacancy rate is already higher than the world alerting line. Oversupply and shortage problems exist simultaneously6 in the real estate industry. While many Chinese still do not have their own houses because of the short supply of commercial housing, especially affordable7 commercial housing, a large number of luxury houses and villas8 have been built and become vacant. The trend is still going on at present.

 

Thirdly, profit in the real estate sector9 is overly high and the sector takes an irrational large proportion in the local economic structure. In China, profit made in real estate sector is much higher than in other sectors10, which prompts many Chinese enterprises to shift their business to the real estate industry. In some regions, real estate industry has become the main, or even the only business sector in local economy.

 

Fourthly, large fluctuations11 are seen in the economic cycle of the real estate industry. Compared with fluctuations occurring in every economic cycle of the macroeconomy, real estate industry has witnessed much larger fluctuations in its economic cycle.

 
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1 suburban Usywk     
adj.城郊的，在郊区的
参考例句：
  • Suburban shopping centers were springing up all over America. 效区的商业中心在美国如雨后春笋般地兴起。
  • There's a lot of good things about suburban living.郊区生活是有许多优点。
2 secondly cjazXx     
adv.第二，其次
参考例句：
  • Secondly,use your own head and present your point of view.第二，动脑筋提出自己的见解。
  • Secondly it is necessary to define the applied load.其次，需要确定所作用的载荷。
3 oversupply zmIz1V     
n.供应过量；v.过度供给
参考例句：
  • The market softened because of oversupply.市场因供过于求而疲软。
  • Overexpansion of tea fields has led to oversupply.茶园过度扩张，使得市场上逐渐供过于求。
4 irrational UaDzl     
adj.无理性的，失去理性的
参考例句：
  • After taking the drug she became completely irrational.她在吸毒后变得完全失去了理性。
  • There are also signs of irrational exuberance among some investors.在某些投资者中是存在非理性繁荣的征象的。
5 vacancy EHpy7     
n.（旅馆的）空位，空房，（职务的）空缺
参考例句：
  • Her going on maternity leave will create a temporary vacancy.她休产假时将会有一个临时空缺。
  • The vacancy of her expression made me doubt if she was listening.她茫然的神情让我怀疑她是否在听。
6 simultaneously 4iBz1o     
adv.同时发生地，同时进行地
参考例句：
  • The radar beam can track a number of targets almost simultaneously.雷达波几乎可以同时追着多个目标。
  • The Windows allow a computer user to execute multiple programs simultaneously.Windows允许计算机用户同时运行多个程序。
7 affordable kz6zfq     
adj.支付得起的，不太昂贵的
参考例句：
  • The rent for the four-roomed house is affordable.四居室房屋的房租付得起。
  • There are few affordable apartments in big cities.在大城市中没有几所公寓是便宜的。
8 villas 00c79f9e4b7b15e308dee09215cc0427     
别墅，公馆( villa的名词复数 )； （城郊）住宅
参考例句：
  • Magnificent villas are found throughout Italy. 在意大利到处可看到豪华的别墅。
  • Rich men came down from wealthy Rome to build sea-side villas. 有钱人从富有的罗马来到这儿建造海滨别墅。
9 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
10 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
11 fluctuations 5ffd9bfff797526ec241b97cfb872d61     
波动，涨落，起伏( fluctuation的名词复数 )
参考例句：
  • He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
  • There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。

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