In the past seven years China’s real estate(房地产)industry has developed in a record

In the past seven years, China’s real estate(房地产)industry has developed in a record high speed.For those who earn less but are eager to own a decent and comfortable place of their own in a big city, the high housing price is a heavy burden that they cannot afford.For this reason, the government has taken a series of measures to prevent the housing price from rising too fast, including raising interest rates(利率)and increasing taxes on real estate(房产税)etc.Presently, these measures have achieved initial effects in some cities.

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