Is the worst over for China’s bust real estate market?
对陷入低谷的中国房地产来说，最艰难的时期已经过去了吗？
Prices for new residential buildings have started to tick up in some the country’s 70 largest cities, including the capital Beijing, according to new figures out Monday.
本周一公布的最新数据显示，北京在内的中国70座大中城市的新房价格开始有回暖趋势。
The National Bureau of Statistics said that prices in April fell from March’s levels in 48 cities, but rose in 18. While that’s still a largely negative trend (and the prices declines in the 48 were on average bigger than the rises in the 18), it’s still better than the situation looked a couple of months ago, when they were heading down in all 70 cities surveyed. The dynamic was a bit stronger for existing home sales, where prices rose in 28 cities and fell in 34.
国家统计局称，今年4月48个城市的房价环比下跌，上涨的城市有18个。尽管市场仍呈负面态势（48个城市的平均房价跌幅大于18个城市的涨幅），但比起几个月前70个城市房价全线下跌的局面已经好转。二手房市场更活跃，房价上涨的城市有28个，下跌的有34个。
It’s the first-tier cities which are leading the way: Beijing, Shanghai, Guangzhou and Shenzhen all posted increases from March. But prices continue to fall in second- and third-tier cities. That’s a worry for the government because the regions where they are based are generally less able to carry the debt that they have taken on to develop new projects.
一线城市反弹趋势最明显，北上广深的房价均环比上升，二三线城市房价则继续下滑。这种情况让政府担心，因为往往这些地区在开发新楼盘时借下大量债务，而偿债能力较弱。
The housing market is arguably the single biggest factor behind the slowdown in China’s economy, as real estate and construction account for some 20% of gross domestic product, with knock-on effects on everything from steel bars and cement to household appliances. Growth slowed to its lowest annual rate in over 20 years last year, a ‘mere’ 7.2%, and many economists think it will fall short of the government’s target of 7% this year as well.
可以说，楼市是中国经济放缓背后的最大因素，因为房地产和建筑行业约占中国GDP的20%，而且对钢筋、水泥和家电等行业都会产生连锁反应。去年，中国经济增速仅为7.2%，创20多年新低。许多经济学家认为，今年中国的经济增速也将低于7%的官方目标。
全文阅读>>>
|
