In its effort to control rising housing prices, China’s government has pursued nine distinct policies, not all of which have served their purpose. Though policies like limits on mortgages for first-time buyers and minimum residency requirements for purchasing property in a first-tier city like Beijing or Shanghai helped to ease demand, supply-side tactics, such as limiting credit to real-estate developers and imposing new taxes on property sales, have proved to be counter-productive.
为了控制房价上涨，中国政府采取了九项不同政策，但并非每一项政策都达到了效果。尽管将按揭限定于首次购房者、北京和上海等一线城市要求达到最低定居时限才能买房等政策有助于遏制需求，但供给端的策略，如限制房地产开发商信贷、实施新房销售税等，效果适得其反。