It is worth mentioning that the conference draft used more than 200 words to talk about the housing problem, demanding "solving the outstanding housing problem in big cities" and proposing "reasonably regulating the rent level". Experts predict that in the future, more targeted policies will be introduced in terms of rental housing construction and rent control.
Insist on expanding domestic demand and promoting household consumption
The Central Economic Work Conference called for speeding up the construction of a new development pattern with the domestic big cycle as the main body and the domestic and international double cycles promoting each other. We must firmly grasp the main line of supply-side structural reform, pay attention to demand-side management, get through the blocking points, fill the shortcomings, run through all links of production, distribution, circulation and consumption, and form a higher-level dynamic balance between demand-driven supply and supply-created demand to improve the overall efficiency of the national economic system.
The meeting decided to adhere to the strategic basis of expanding domestic demand. Forming a strong domestic market is an important support for building a new development pattern, and effective institutional arrangements must be made in rationally guiding consumption, savings and investment.
Zhaowei, chief economist of Open Source Securities, said that under the background of global supply chain contraction and reconstruction in recent years, the contribution of external demand to China's economic growth tends to weaken, so it is timely to accelerate the stimulation of domestic demand.
"Since 20 15, the supply-side reform has been steadily advanced, but there are still some structural problems on the demand side in China, which are reflected in the strong real estate and infrastructure, while the consumption is relatively weak." Ming Ming, chief analyst of fixed income of CITIC Securities, said that since the beginning of this year, although China's industrial chain and supply chain have stagnated under the impact of the epidemic in the first quarter, as the epidemic prevention and control continues to show results, China's industrial production as a whole has shown a rapid recovery trend. However, from the demand side, since the outbreak of the epidemic, real estate investment and infrastructure investment have taken the lead in recovery, while the recovery of terminal demand such as manufacturing investment and household consumption has lagged behind.
Lu Zhengwei, chief economist of Industrial Bank, said that it is necessary to release the demand potential through reform, promote the upgrading of demand, and then form a traction effect on the supply side. From the perspective of investment, expanding effective investment through new infrastructure and new urbanization can promote the research and application of new technologies and promote the development of emerging industries; From the perspective of consumption, by improving the redistribution mechanism such as social security and transfer payment, we will improve the consumption power of low-and middle-income groups, appropriately increase public consumption, and gradually realize the equalization of basic public services.
In terms of supporting consumption, Zhao Wei predicted that the policy will boost residents' consumption by improving the distribution system, encouraging the consumption of key commodities, improving the consumption environment, and increasing fiscal and taxation financial support; Take measures to expand consumption supply, innovate consumption patterns, strengthen supporting infrastructure construction, and realize supply to create consumption.
Solve the outstanding housing problem in big cities
The meeting called for solving the outstanding housing problem in big cities. Housing is related to people's livelihood and welfare. We should adhere to the position that "houses are for living, not for speculation", adjust measures to local conditions and take measures simultaneously to promote the stable and healthy development of the real estate market.
For rental housing, the meeting stressed that it is necessary to attach great importance to the construction of affordable rental housing, speed up the improvement of long-term rental policies, gradually make rental housing enjoy the same rights in enjoying public services, and standardize the development of long-term rental market. Land supply should be tilted to the construction of rental housing, and the land use plan for rental housing should be listed separately, and the use of collective construction land and idle land owned by enterprises and institutions should be explored to build rental housing. Both state-owned enterprises and private enterprises should play a functional role. It is necessary to reduce the tax burden of rental housing, rectify the order of the rental market, standardize market behavior, and reasonably control the rent level.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, said that the Central Economic Work Conference used more than 200 words to talk about the real estate market, highlighting the central government's great attention to housing issues and people's livelihood. At present, the housing problem in big cities is more prominent, and the problem of renting houses is rapidly exposed. It is predicted that the real estate market will remain stable in 20021year, and the leasing policy will be the focus.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that this year's Central Economic Work Conference not only reiterated that "houses are not speculation", but also specifically mentioned the housing problem in big cities. In his view, there will be three important changes in the real estate policy of big cities in the future: First, from the perspective of short-term regulation, we will continue to crack down on all kinds of real estate speculation; Second, from the long-term mechanism of real estate, it will continue to exert its strength in land supply, especially increasing pure residential land; Third, continue to develop the rental market and solve the housing problem through the rental market, that is, market-oriented rental housing and affordable rental housing develop together.
In terms of rental housing, Yan Yuejin believes that on the one hand, it can be expected that the participants in the rental market will be more diversified. The meeting made it clear that "both state-owned and private enterprises should play a functional role", and for private leasing enterprises, the opportunities to participate in the leasing market in the future are expected to increase. On the other hand, the meeting put forward for the first time that "the rent level should be reasonably regulated", and stabilizing rent will become an important task for the 202 1 rental market and real estate market.