{"id":4457,"date":"2024-03-14T17:01:00","date_gmt":"2024-03-14T09:01:00","guid":{"rendered":"https:\/\/chinaeucn.com\/?p=4457"},"modified":"2025-04-23T16:53:09","modified_gmt":"2025-04-23T08:53:09","slug":"chinas-real-estate-market-the-status-the-trend-the-policies-for-a-structural-upgrading","status":"publish","type":"post","link":"https:\/\/chinaeucn.com\/zh\/chinas-real-estate-market-the-status-the-trend-the-policies-for-a-structural-upgrading\/","title":{"rendered":"\u4e2d\u56fd\u623f\u5730\u4ea7\u5e02\u573a\uff1a\u73b0\u72b6\uff0c\u8d8b\u52bf\u53ca\u7ed3\u6784\u6027\u8f6c\u578b\u7684\u653f\u7b56\u00a0"},"content":{"rendered":"

\u4e2d\u56fd\u623f\u5730\u4ea7\u4e1a\u7684\u91cd\u8981\u6027<\/u><\/strong><\/p>\n\n\n\n

Importance of China’s Real Estate Industry<\/u><\/strong><\/p>\n\n\n\n

\u4e2d\u56fd\u623f\u5730\u4ea7\u4e1a\u89c4\u6a21\u5e9e\u5927\uff0c\u94fe\u6761\u6df1\u8fdc\uff0c\u6d89\u53ca\u9886\u57df\u5e7f\u6cdb\uff0c\u5176\u589e\u52a0\u503c\u5728GDP\u4e2d\u7684\u5360\u6bd4\u7ea6\u4e3a7%\uff0c\u4e0e\u5efa\u7b51\u4e1a\u5171\u540c\u6784\u6210\u4e86\u56fd\u6c11\u7ecf\u6d4e\u7684\u652f\u67f1\uff0c\u5408\u8ba1\u8d21\u732e\u9ad8\u8fbe14%\u3002\u6b64\u5916\uff0c\u623f\u5730\u4ea7\u4e1a\u5728\u91d1\u878d\u9886\u57df\u7684\u5f71\u54cd\u529b\u4e5f\u4e0d\u5bb9\u5ffd\u89c6\uff0c\u623f\u5730\u4ea7\u8d37\u6b3e\u53ca\u4ee5\u623f\u5730\u4ea7\u4e3a\u62b5\u62bc\u54c1\u7684\u8d37\u6b3e\u5360\u5168\u90e8\u8d37\u6b3e\u4f59\u989d\u768439%\uff0c\u663e\u793a\u51fa\u5176\u5728\u91d1\u878d\u7a33\u5b9a\u4e2d\u7684\u5173\u952e\u4f5c\u7528\uff0c\u662f\u4e00\u4e2a\u5177\u6709\u7cfb\u7edf\u91cd\u8981\u6027\u7684\u884c\u4e1a\uff0c\u5176\u5f71\u54cd\u6df1\u8fdc\u4e14\u5e7f\u6cdb\u3002<\/p>\n\n\n\n

China’s real estate industry is large in scale, long in industrial and supply chains and covers a wide range of fields. Its added value accounts for over 7% of GDP, plus the construction industry accounting for 14%, which is the pillar industry of the national economy. In addition, the influence of the real estate industry in the financial sector should not be overlooked. The real estate loans and loans secured by real estate account for 39% of the total loan balance, showing its key role in financial stability. Thus, the real estate industry is an industry of systemic importance with far-reaching and wide-ranging influences.<\/p>\n\n\n\n

\u4e2d\u56fd\u623f\u5730\u4ea7\u4e1a\u9762\u4e34\u7684\u95ee\u9898<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n

Problems Facing China’s Real Estate Industry<\/u><\/strong><\/p>\n\n\n\n

\u7136\u800c\uff0c\u4e2d\u56fd\u623f\u5730\u4ea7\u884c\u4e1a\u4e5f\u9762\u4e34\u7740\u4e00\u7cfb\u5217\u524d\u6240\u672a\u6709\u7684\u6311\u6218\u3002\u56fd\u5bb6\u7edf\u8ba1\u5c40\u6570\u636e\u663e\u793a\uff0c2023\u5e74\u672b\u5168\u56fd\u5e38\u4f4f\u4eba\u53e3\u57ce\u9547\u5316\u7387\u4e3a66.16%\uff0c\u90e8\u5206\u57ce\u9547\u5df2\u8d8570%\uff0c\u5c3d\u7ba1\u548c\u53d1\u8fbe\u56fd\u5bb680%\u7684\u5e73\u5747\u6c34\u5e73\u76f8\u6bd4\u4ecd\u6709\u589e\u957f\u6f5c\u529b\uff0c\u4f46\u4f4f\u5b85\u7684\u4f9b\u5e94\u91cf\u5df2\u8d85\u8fc7\u6709\u6548\u9700\u6c42\u91cf\u3002<\/p>\n\n\n\n

\u540c\u65f6\uff0c\u4f5c\u4e3a\u8d2d\u623f\u4e3b\u529b\u519b\u7684\u9752\u5c11\u5e74\u6570\u91cf\u4e5f\u5448\u4e0b\u964d\u8d8b\u52bf\uff0c\u4e2d\u56fd\u9752\u5c11\u5e74\u7814\u7a76\u4e2d\u5fc3\u9752\u5e74\u7814\u7a76\u6240\u52a9\u7406\u7814\u7a76\u5458\u5468\u5b87\u9999\u9884\u6d4b\uff0c\u52302050\u5e74\u4e2d\u56fd14-35\u5c81\u9752\u5e74\u4eba\u53e3\u5c06\u4ece\u76ee\u524d\u7684\u63a5\u8fd14\u4ebf\u964d\u81f32.57\u4ebf\u3002\u4e2d\u56fd\u4eba\u53e3\u4e0e\u53d1\u5c55\u7814\u7a76\u4e2d\u5fc3\u548c\u8054\u5408\u56fd\u4eba\u53e3\u57fa\u91d1\u9a7b\u534e\u4ee3\u8868\u5904\u9884\u6d4b\uff0c\u4e2d\u56fd\u7684\u603b\u4eba\u53e3\u52302050\u5e74\u9884\u8ba1\u4ece\u76ee\u524d\u768414.4\u4ebf\u5c06\u81f3\u7ea612.9\u4ebf\u3002\u8fd9\u610f\u5473\u7740\u672a\u6765\u7684\u8d2d\u623f\u9700\u6c42\u91cf\u548c\u9700\u6c42\u7ed3\u6784\u5c06\u53d1\u751f\u53d8\u5316\uff0c\u623f\u5730\u4ea7\u4f01\u4e1a\u9700\u66f4\u52a0\u6ce8\u91cd\u6ee1\u8db3\u4e0d\u540c\u5e74\u9f84\u6bb5\u3001\u4e0d\u540c\u5bb6\u5ead\u7ed3\u6784\u7684\u9700\u6c42\u3002<\/p>\n\n\n\n

\u6b64\u5916\uff0c2000\u5e74\u524d\u5efa\u6210\u7684\u5927\u91cf\u8001\u65e7\u5c0f\u533a\u4e5f\u9762\u4e34\u4f4f\u623f\u9762\u79ef\u5c0f\u3001\u8d28\u91cf\u5dee\u3001\u914d\u5957\u4e0d\u9f50\u5168\u7684\u95ee\u9898\uff0c\u5c45\u6c11\u5bf9\u5c45\u4f4f\u73af\u5883\u7684\u8212\u9002\u5ea6\u548c\u4fbf\u5229\u6027\u8981\u6c42\u8d8a\u6765\u8d8a\u9ad8\uff0c\u4f4f\u623f\u6539\u5584\u6027\u9700\u6c42\u65fa\u76db\u3002\u5b8f\u89c2\u5c42\u9762\u4e0a\uff0c\u623f\u5730\u4ea7\u884c\u4e1a\u8fdb\u5165\u53bb\u6760\u6746\u548c\u8d44\u4ea7\u91cd\u7ec4\u9636\u6bb5\uff0c\u623f\u5730\u4ea7\u4f01\u4e1a\u96be\u4ee5\u901a\u8fc7\u81ea\u8eab\u529b\u91cf\u6d88\u5316\u6c89\u6dc0\u7684\u8d44\u4ea7\uff0c\u5bfc\u81f4\u884c\u4e1a\u6301\u7eed\u4f4e\u8ff7\u3002<\/p>\n\n\n\n

\u603b\u7684\u6765\u8bf4\uff0c\u672a\u6765\u623f\u5730\u4ea7\u53d1\u5c55\u4e0d\u80fd\u518d\u4ec5\u4f9d\u8d56\u4e8e\u6570\u91cf\u7684\u6269\u5f20\uff0c\u800c\u9700\u8981\u5728\u53d1\u5c55\u6a21\u5f0f\u4e0a\u8fdb\u884c\u6df1\u5c42\u6b21\u7684\u7ed3\u6784\u6027\u53d8\u9769\uff0c\u66f4\u52a0\u5f3a\u8c03\u8d28\u91cf\u7684\u63d0\u5347\uff0c\u5e76\u91c7\u53d6\u884c\u52a8\u6539\u5584\u5df2\u6709\u5efa\u7b51\u3002<\/p>\n\n\n\n

However, the real estate industry in China is also facing a series of never experienced formidable challenges. According to data from the China National Bureau of Statistics, the national urbanization rate of the resident population reached 66.16% at the end of 2023, with some cities exceeding 70%. Although there is still growth potential compared to the average level of 80% in developed countries, the supply of residential units has overcome the effective market needs. <\/p>\n\n\n\n

At the same time, the number of young people, who are the main force in home buying, is declining. Zhou Yuxiang, assistant researcher at the Youth Research Institute of the China Youth Research Center, predicts that the population of young people aged 14-35 in China will decrease from almost 400 to 257 million by 2050. Moreover, it is forecasted by UNFPA Country Office in China and China Population and Development Research Center that the overall population will decrease from the actual 1.44 billion to about 1.29 billion in 2050. This means that the future housing demand and demand structure will undergo changes, and real estate companies need to pay more attention to meeting the needs of different age groups and family structures.<\/p>\n\n\n\n

Additionally, a significant number of pre-2000 housing units are small, of poor quality, and lack adequate facilities. Residents are increasingly demanding comfort and convenience in their living environments, leading to a strong demand for housing improvement. On a macro level, the real estate sector is already entered a phase of deleveraging and asset restructuring, making it difficult for real estate enterprises to independently absorb the accumulated assets, resulting in a prolonged downturn in the industry. <\/p>\n\n\n\n


All in all, the future real estate development cannot rely anymore on quantity expansion but requires deep structural change in its development mode with a greater emphasis on quality improvement as well as action towards already existing buildings.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u6765\u6e90\uff1a\u5468\u5b87\u9999 <\/em>– 2021<\/em>\u2014<\/em>2050<\/em>\u5e74\u4e2d\u56fd\u9752\u5e74\u4eba\u53e3\u89c4\u6a21\uff08\u4ebf\u4eba\uff09\u53ca\u5360\u603b\u4eba\u53e3\u6bd4\u4f8b\u9884\u6d4b\uff08<\/em>%<\/em>\uff09<\/em><\/em><\/p>\n\n\n\n

Source: Zhou Yuxiang – Population size of Chinese 14-35 year-old youth (in hundred million) and its predicted percentage of total population from 2021 to 2050<\/em><\/p>\n\n\n\n

\u4e2d\u56fd\u653f\u5e9c\u7684\u653f\u7b56\u652f\u6301<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n

Policy Support from the Chinese Government<\/u><\/strong><\/p>\n\n\n\n

\u4e3a\u4e86\u5e94\u5bf9\u623f\u5730\u4ea7\u884c\u4e1a\u7684\u56f0\u5883\uff0c\u4e2d\u56fd\u653f\u5e9c\u91c7\u53d6\u4e86\u4e00\u7cfb\u5217\u63aa\u65bd\uff0c\u6765\u89e3\u51b3\u623f\u5730\u4ea7\u548c\u5b9e\u4f53\u7ecf\u6d4e\u5931\u8861\u95ee\u9898\u30022024\u5e742\u670820\u65e5\uff0c\u592e\u884c\u6388\u6743\u5168\u56fd\u94f6\u884c\u95f4\u540c\u4e1a\u62c6\u501f\u4e2d\u5fc3\u516c\u5e03\uff0c\u8d37\u6b3e\u5e02\u573a\u62a5\u4ef7\u5229\u7387\uff08LPR\uff09\uff1a1\u5e74\u671fLPR\u4e3a3.45%\uff0c5\u5e74\u671f\u4ee5\u4e0aLPR\u4e3a3.95%\uff0c\u8fce\u6765\u6709\u53f2\u4ee5\u6765\u7684\u6700\u5927\u964d\u5e45\u4ee5\u63d0\u632f\u5c45\u6c11\u4f4f\u623f\u6d88\u8d39\u7684\u610f\u613f\u548c\u80fd\u529b\u3002<\/p>\n\n\n\n

In response to the challenges facing the real estate industry, the Chinese government has implemented a series of measures whichare addressing the imbalance between the real estate sector and the real economy. On February 20, 2024, the People’s Bank of China authorized the National Interbank Funding Center to announce the Loan Prime Rate (LPR), with a historic drop: the 1-year LPR is set at 3.45%, and the LPR for terms over 5 years is 3.95%. This move aims to stimulate the willingness and ability of house buyers. <\/p>\n\n\n\n

\u4e2d\u56fd\u623f\u5730\u4ea7\u4e1a\u7684\u53d1\u5c55\u65b9\u5411<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n

Development Direction of China’s Real Estate Industry<\/u><\/strong><\/p>\n\n\n\n

2023\u5e74\uff0c\u5168\u56fd\u4f4f\u623f\u57ce\u4e61\u5efa\u8bbe\u5de5\u4f5c\u4f1a\u8bae\u6307\u51fa\uff0c\u4f4f\u623f\u548c\u57ce\u4e61\u5efa\u8bbe\u5de5\u4f5c\u8981\u201c\u4ee5\u52aa\u529b\u8ba9\u4eba\u6c11\u7fa4\u4f17\u4f4f\u4e0a\u66f4\u597d\u7684\u623f\u5b50\u4e3a\u76ee\u6807<\/strong>\u201d\uff0c\u4ece\u201c\u597d\u623f\u5b50\u201d\u5230\u201c\u597d\u5c0f\u533a\u201d\uff0c\u4ece\u201c\u597d\u5c0f\u533a\u201d\u5230\u201c\u597d\u793e\u533a\u201c\u201d\uff0c\u4ece\u201c\u597d\u793e\u533a\u201d\u5230\u201c\u597d\u57ce\u533a\u201d\uff0c\u8fdb\u800c\u628a\u57ce\u5e02\u89c4\u5212\u597d\u3001\u5efa\u8bbe\u597d\u3001\u6cbb\u7406\u597d\uff0c\u63a8\u52a8\u5efa\u7b51\u4e1a\u5de5\u4e1a\u5316\u3001\u6570\u5b57\u5316\u3001\u7eff\u8272\u5316\u8f6c\u578b\u5347\u7ea7\u3002<\/p>\n\n\n\n

In 2023, the National Housing and Urban-Rural Construction Work Conference emphasized the direction for the development of the real estate industry. The focus was set on the goal of ensuring that \u201cthe people have access to better housing<\/strong>\u201d, progressing from \u201cgood houses\u201d to well-planned neighborhoods, and further advancing from these communities to well-designed urban areas. The overarching aim is to optimize urban planning, construction, and governance, thereby driving the transformation and upgrading of the construction industry towards industrialization, digitization, and \u201cgreenization\u201d.<\/p>\n\n\n\n

\u5982\u4f55\u6253\u9020\u597d\u623f\u5b50\u2014\u2014\u623f\u5730\u4ea7\u53d1\u5c55\u65b0\u6a21\u5f0f<\/u><\/strong><\/u><\/strong><\/p>\n\n\n\n

How to Build \u201cGood Houses\u201d – A New Model for Real Estate Development<\/u><\/strong><\/p>\n\n\n\n

\u4f4f\u623f\u57ce\u4e61\u5efa\u8bbe\u90e8\u90e8\u957f\u502a\u8679\u6307\u51fa\uff0c\u5f53\u524d\u623f\u5730\u4ea7\u5904\u4e8e\u9ad8\u8d28\u91cf\u53d1\u5c55\u9636\u6bb5\uff0c\u597d\u623f\u5b50\u6709\u65b0\u8981\u6c42\uff0c\u4e9f\u9700\u6784\u5efa\u65b0\u7684\u53d1\u5c55\u6a21\u5f0f\uff1a<\/p>\n\n\n\n