Study On The Macro-control Policy Changes Of China's Real Estate(1998-2018)

After decades of reform and development,real estate industry in China has profoundly affected the sustainable development of China's economy and the harmony and stability of the society.In view of the importance of the real estate industry,the Chinese government has introduced a number of macro-control policies in this field since 1998,which is of great significance for improving the real estate market and improving the housing welfare level of residents.Understanding the process of real estate macro-control policy changes over the years,exploring the mechanism behind its changes,summing up its future development trend is not only the practical need to improve the real estate macro-control policy,but also the theoretical need to enrich the real estate macro-control research.Firstly,based on the perspective of policy text analysis,this paper uses the policy literature measurement method of co-word analysis and cluster analysis to divide the real estate macro-control policy into three stages,and analyzes the reasons behind the changes of policy keywords at each stage,and shows the macro-control policies of real estate.The characteristics and laws of the focus of the focus point change,summed up the evolution path of China's real estate macro-control policy changes in 1998-2018 mainly focused on housing system reform,real estate marketization and affordable housing construction.Secondly,this paper focuses on the long-term change process of real estate macro-control policy,and introduces the discontinuity-equilibrium theory to explain it.The analysis shows that China's real estate macro-control policy has experienced two equilibrium periods and one discontinuity period,reflecting the intermittent equilibrium of policy changes.feature.In order to further explain the internal mechanism of China's real estate macro-control policy changes,this paper combines the revised discontinuous-equilibrium theoretical model to comprehensively examine the changes of real estate macro-control policies in the past 20 years.The study found that the change of policy image is the change of real estate regulation.Premise,and the outbreak of focus events,the shift of attention in official decision-making systems,and the change in value orientation at the macro level are the three basic variables of policy change.Finally,this article puts forward countermeasures and suggestions to improve the real estate macro-control policy from several aspects: do a good job in the top-level design of real estate macro-control,clarify the attention of the official decision-making system,and ensure the implementation of the real estate macro-control policy.