房地产过热、投资过热与银行加息

Too Hot Real Estate,Too Hot Investment and Interest Rate to Be Improved

中国投资过热的源头是房地产 ,房地产能拉动相关产业快速增长。但无论是从房地产消费来说 ,还是从房地产投资来说 ,目前国内房地产市场的热销仅仅是以往存量需求的释放 ,是一种虚假的需求 ,而不是潜在需求真正地转化为有效需求。这种存量需求的释放基本上是依赖于银行信贷及其收益转移来完成的。如果银行加息 ,有利于把虚假的需求转变为真实的需求 。

The source of being too hot in China investment is real estate, and real estate might make related industries increment rapidly. Hot sale in real estate market in China at present is no more than the release of historic stock demand, no matter which is seen from real estate consumption or from real estate investment and which is a false demand, not an effective demand really turned from potential demand, which is essentially dependent upon bank credit loan and revenue transfer from loans. If interest rate is improved, it’s useful to turn false demand into true demand and to curb too hot real estate and too hot investment.