Breaking News – Communist system continues to harm the economy
In connection with the recent deterioration of the economy situation in mainland, stock and real estate downturn, many industry analysts believe that this related to the Chinese Communist long-standing macroeconomic regulation, control and government intervention.
The Mainland Hubei Land Bureau official, Mr Song accepted an interviewed from a Sound of Hope reporter, states 搕he downturn of the Real Estate market reflects the market’s basic supply and demand situation, and is also reflecting the shortcomings of the Chinese Communist system.�
Mr Song believes that the slump in the housing market in China is controlled by the Government under the vigorous development of the market rather than the natural result of the operation. The gap between rich and poor means the majority of people are unable to purchase a property and there is limited demand in the small number of rich people, thus making the supply and demand imbalance. The Government’s subsidies are nothing and cannot solve the fundamental problem.
He believes that the so-called subsidy is to satisfy political need and to appease the public. It cannot solve the needs of the people and cannot alleviate the deterioration of the economic bubble.
Mr Song is a senior official of the Land and Resources Bureau and believes that land registration and land and natural resource management are controlled by the country, therefore prices aren’t affected by the market. However, in recent years the corrupt officials have made a fortune, through collusion and secret operations. This is the soil of the Chinese Communist system that nourished these corrupt officials.
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