Research Of Macroeconomic Control Policies Of China's Real Estate Industry

The industry of real estate is one of the pillars of Chinese economy. The real estate industry can't develop well without government's macroeconomic control. Government is not omnipotent, how to maintain a sustainable development of real estate industry is a problem facing by the government. We can see from a series of policies set up by the government that all these policies as a whole have obtained some effect, for example, all these problems are eased like real estate speculators, developer's storing land, fraudulent sales and so on, but the most important indicator of real estate market, which is price, is always upswing, except in 2008, because of international financial crisis, the price descent a little bit, until now, the upswing is keeping on. We can say that the overall effect of macroeconomic control is not satisfactory. How to use real estate policies better and retraining the rising price is a high priority for the government, it's also a hotspot discussed by scholars.This thesis, based on the research of Shanghai real estate market, studies the purpose and practical effects of real estate policies set up by both the central government and Shanghai municipal government using the basic theories in economics. In chapter one, the author briefly introduces what is real estate and how the government makes the macroeconomic control on real estate market—the concept and tools, which is a theoretical preparation for further study on real estate market, and makes some conclusions from all the policies set up by the government over the years . In chapter two, the author applies the theory of demand and supply in economics to the research of real estate market, gives an interpretation of how the real estate macroeconomic policies work, and makes a detailed analysis of the economic effects of macroeconomic control. The third chapter is an empirical study of the current status of Shanghai real estate market, the author does a comprehensive research on Shanghai real estate market with a number of statistical charts, and makes an evaluation on the effects of current policy implementation. Based on the study of Shanghai real estate market, the author offers his own suggestions on real estate macroeconomic control policies in chapter four.