China Financial Daily

Old to Wang Guangzhou, more than half of the market introduction of treatment options have not suddenly bear fruit
On the 10th of this month, the Guangzhou Municipal Bureau of Guotufangguan launched against the country’s first “sky-high price to King” treatment program, 18, launched 10 commercial and residential plots suddenly. But in other cities, looting in war is still staged, Dongguan, Suzhou, Nanjing and other places of the auction is still hot, Country Garden, Suning, and other large groups frequently Poly shot treetop.

Since the second quarter of this year throughout the land market situation continued, Beijing, Shanghai, Guangzhou and other places frequently the birth of a new “prime sites” premium price almost equal to the same location. Grab this crazy situation will repeat in 2007 “to become debt Wang Wang” mistakes? Centaline recently released a research report shows that in 12 major cities in the agency monitoring 40 developers since 2003, received 270 samples of land, as high as 57% of the land has not yet into the market, the institutions and even In the analysis of the title asserts that “premium overdraft rates, half of the hard sort of relief to King.”

Li: the policy measures taken by the Government are beginning to bear fruit
Chinese Vice Premier Li Keqiang, the first global think tank today deliver a keynote speech at the summit. Li said that the summit is a global think tank in the international financial crisis is spreading and deepening, the world economy into recession, held against the backdrop.

Li said that since reform and opening up, China’s sustained and rapid economic development, economic volume has reached third place in the world, improved external dependence. The financial crisis spreading and deepening of China’s economic operations have had a great impact.

Chinese government at the same time a substantial increase in expenditure and the implementation of a structural tax cuts, repeatedly cut deposit and lending rates and deposit reserve ratio, increasing mobility.

The face of severe pressure from both international and domestic markets, China’s excess production capacity in some industries highlights contradictions. In these circumstances, we have put in the top ten iron and steel industry, such as the revitalization planning, persist in reform and development to solve problems.

At present, the Chinese government has adopted policies and measures are beginning to bear fruit, the economic operation of the positive changes to improve the overall situation has stabilized, mainly manifested in the strong consumption, investment grew steadily.