China's real estate sector has been in the spotlight, and recent remarks by the Ministry of Housing and Urban-Rural Development (MOHURD) have caused widespread controversy. in ChinaEconomyAt the annual meeting, Dong Jianguo, Vice Minister of the Ministry of Housing and Urban-Rural Development, publicly stated that he wouldDebtBreach of contract withReal estate enterprises"Thunderstorm" is treated differently. This statement has aroused many people's doubts and puzzlements. In this article, I will interpret the views of the Ministry of Housing and Urban-Rural Development from two aspects. First of all, ensuring the steady development of the real estate industry is one of the main reasons why the Ministry of Housing and Urban-Rural Development put forward this view. Secondly, to lower the stateDebtRisk is also a consideration for the Ministry of Housing and Urban-Rural Development to release this signal. By passingEvergrandeThe case analysis can more clearly see the specific operation of this policy concept. Finally, the article will focus on ** individualsDebtquestions, and askedPersonal credit reportingsystem andPersonal bankruptcy systemof reform proposals. The purpose of this article is to analyze".Debtdefault is not the same as a thunderstorm", and to discuss this point of view on ChinaEconomyimpact and individualsDebtThe solution to the problem.
in ChinaEconomyAt the annual meeting, Dong Jianguo, vice minister of the Ministry of Housing and Urban-Rural Development, saidDebtBreach of contract andReal estate enterprises"Thunderstorm" are two different concepts. He believes that the need for the rightDebtBreachReal estate enterprisesSpecial treatment is given as this is triggered by temporary financial difficulties and does not necessarily lead to the bankruptcy of the business. This view has caused a lot of controversy, some people see it as a connivance against the laws of the market, but others believe that it is to ensure the smooth development of the real estate industry and avoid vicious price reductions and market turmoil.
First of all, ensuring the steady development of the real estate industry is one of the main reasons why the Ministry of Housing and Urban-Rural Development put forward this view. While there are many people who expect the property market to be large enough to be able to buy cheap properties, this is not detrimentalEconomystability andSustainability。In order to avoid abnormal fluctuations in the market, the Ministry of Housing and Urban-Rural Development must be rightDebtBreachReal estate enterprisesAdopt a certain tolerance policy to achieve a soft landing in the property market. This can protect the interests of the majority of home buyers and investors, and at the same time promote the healthy development of the real estate industry. This approach is also in line with ChinaEconomyThe overall consideration of development because the real estate industry in ChinaEconomyplays an important role.
Secondly, to lower the stateDebtRisk is also a consideration for the Ministry of Housing and Urban-Rural Development to release this signal. China StateDebtThe scale is huge, if for allDebtCompanies that default are taking tough accountability measures, which may trigger even moreEconomyRisk. Especially for those who are already seriously insolventReal estate enterprisesHold accountableDebtLiability for breach of contractIt may only lead to the bankruptcy of the business, but not the solutionDebtIssue. Therefore, the appropriate pairDebtBreachReal estate enterprisesAdopting a policy of tolerance can alleviate the stateDebtRisk, protect ChinaEconomyStable development.
EvergrandeThe case is against ".DebtDefault is not equal to a thunderstorm". EvergrandeAs a giant in China's real estate industry, it faces a huge amountDebtand financial difficulties. However, ** did not choose to deal with it by smashing the pot and selling ironEvergrandecrisis, but to support its continued operations. This practice reflects the practice of the view of the Ministry of Housing and Urban-Rural Development. AlthoughEvergrandeofDebtThe amount of default is already very large, but the support of ** makesEvergrandeIt is still operating normally. This is also forEvergrandeCleanupDebtIt provides more opportunities while avoiding the possibility of bringing something biggerEconomyRisk.
For individualsDebtQuestion, I thinkPersonal credit reportingsystem andPersonal bankruptcy systemis an important way to solve this problem. CurrentCredit ReportingThe system is too strict, and it will be difficult for individuals to obtain financial support such as loans once they have untrustworthy behavior. Especially in the current situation of urgent need to boost domestic demandPersonal credit reportingInstitutional reform is imperative. In addition,Personal bankruptcy systemIt should be promoted and improved. Only throughPersonal bankruptcy system, personalDebtThe problem can be better solved, so that the deep is trappedDebtPeople in distress start over.
In general, the Ministry of Housing and Urban-Rural Development proposed "DebtBreach of contract is not equal to thunderstorm" is reasonable and feasible. This view aims to guarantee the steady development of the real estate sector and the reduction of the countryDebtRisk. At the same time, personallyDebtThe problem also needs to be better addressed and regulated. PassedPersonal credit reportingsystem andPersonal bankruptcy systemThe reform can be for individualsDebtproblem to find a more reasonable solution. For ChinaEconomyIn terms of development, solveDebtThe problem is an important topic, and it requires the joint efforts of enterprises, enterprises and individuals to find a feasible solution.