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China‘s Moves to CoolProperty Prices May Be Working
中国楼市降温举措初见成效
“Beijinghome sales volume plunged 41 percent year-
on-year last month while Shanghai’s slumped 18
percent, after new purchase restrictions and
tightened mortgage lending.”
plunge /slump 下跌
purchase restrictions 限购政策
tighten mortgage lending 紧缩抵押贷款
“Wang Tao,chief China economist at UBS Group AG in Hong Kong, said in a conference callwith reporters. Property construction will unlikely be a big support for the economy nextyear, as both sales and investment will decelerate."
property construction 房地产建筑
decelerate 减速
PropertyBubble 房产泡沫
Transaction 交易
MarketFriction 市场摩擦
PurchaseRestriction 限购
Mortgage Lending 抵押贷款
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