Economic daily: the role of real estate in stabilizing the economy is emerging
The business daily pointed out that the real estate sector has played an obvious role in boosting economic growth and stabilizing the basic macro-economy. At present, the continuous and intensive introduction of measures aimed at stabilizing the real estate market will continuously improve the situation of insufficient or sluggish demand in the real estate market. At the same time, the sector’s liquidity risk will also be significantly reduced. As a pillar industry, the real estate industry has a large scale, a long chain and a wide range of implications. It accounts for a considerable share of society-wide capital investment, local tax revenue, and total lending by financial institutions. It has a strong driving effect on related industries upstream and downstream, has a large impact on investment and consumption, and has a systematic impact on economic and financial stability as well as risk prevention and control. With the overall effect of many measures aimed at stabilizing the real estate market gradually emerging, the real estate market is expected to stabilize further. It is believed that the role of the second half of the year in economic stability will appear gradually.