November 27, Zhi-Qiang Ren, president of Huayuan Group (blog) to attend the" 2008 years of Chinese enterprise competitiveness will, "said the real estate industry is not a profiteering industry. Zhi-Qiang Ren said that

the market is not a correct understanding of the real estate industry. In particular, to treat the growth of the real estate industry, most people think is the real estate industry profits. Each of the real estate business is down an average of a medium level of profitability, if this industry has also become a profiteering industry, China will be no profiteering is not the industry.

At the meeting, Zhi-Qiang Ren believes that the overheated real estate is not a source of real estate investment volume is far less than the completion of the non-completion of the volume of real estate. Real estate is driving the biggest transformation of the real estate industry, particularly in the financial industry's largest drive. About the present and real estate-related, personal and business development of the mortgage loans are about more than 50,000 million, plus real estate mortgages There are more than 70,000 million, the two add up to more than 1,000,000,000,000 12. No industry can come up with so much money to the bank interest, which is the lowest of the bad debts of banks and real estate is a large part of the adoption of profitable real estate profits generated revenue. The maximum contribution rate is 27.5 percent, 98-year average is down 21.8 percent, own 29.2 percent was driven to indirectly promote the rate of 25.6 percent. The GDP is more than the total. Zhi-Qiang Ren said that

it is precisely because the real estate industry in recent years led to the economy, particularly the development of the enterprise told, so that most people have had a real estate business, "industry profits" misleading. In his view, "precisely because they are misleading, making our real estate industry has become the common enemies of the industry."

In fact, the Government has introduced a number of policies in relation to 9 billion in real estate. However, Zhi-Qiang Ren said, "If the 3 billion per year for the protection of the building housing may finally lead to a real estate investment continues to decline." Li Yang

had mentioned that the protection of housing can not actually have a real Consumer benefits, nor stimulating domestic demand. If you want more out of real estate to support the policy, will it be possible to restore the same as 98 years, our market development.

Moreover, the environment minister has revealed that migrant workers can afford housing 300,000 people accounted for 26.6 percent, affordable housing 300,000 people accounted for about 28.8 percent. In this regard, Zhi-Qiang Ren believes that migrant workers can not afford to buy a house is not. (Source: Daily News)