Macro Economy: Cool down realty fever
(China Daily HK)
Updated: 2006-06-22 15:13
Investment in the mainland's property sector is likely to drop by 5 per cent
because of the government's cooling-down measures, an economist said
yesterday.
"The rise in investment in property will slow down from 20-22 per cent to
15-20 per cent. Urban renovation and infrastructure investment growth too will
decline because of less capital raised from land leasing," BNP Paribas chief
economist Chen Xingdong said.
The government's cooling-down measures will ultimately ease pressure on the
appreciation of the yuan, he said.
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