稳住房价
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国泰海通|宏观:房价如何稳住
国泰海通证券研究· 2025-10-12 13:40
Core Viewpoint - The article discusses the stability of China's real estate market and its impact on the overall economy, emphasizing the need for measures to stabilize housing prices to support domestic demand [1]. Economic Growth - China's economy continues to show robust growth, with GDP growth in the first half of the year significantly exceeding the expected 5.3% [1]. - The long-term growth potential of the Chinese economy remains substantial, despite short-term structural disparities [1]. Demand and Supply Dynamics - There is a notable imbalance in the economy characterized by strong supply but weak demand, with a need for further stimulation of domestic demand [1]. - Real estate remains a significant drag on domestic demand, as it constitutes a large portion of household wealth allocation, despite its declining share in overall economic investment and sales [1]. Real Estate Market Insights - The article references international experiences with real estate trends, suggesting that while lessons can be learned from other economies, China's unique institutional advantages must be considered [1]. - The discussion includes how to stabilize housing prices and what variables might indicate that prices have been stabilized [1].