Specifically, China needs prudential regulation that limits the use of leverage for asset purchases. Here, the country already has an advantage: relatively high levels of equity and low mortgage-to-value ratios typically characterize real-estate purchases by China’s household sector.
正如以往的危机所示，中国经济的低迷已经显现，必须采取措施来缓和市场风险。具体而言，中国需要谨慎的法规来限制资产购买的杠杆。在这里，该国已经拥有了一个优势：相对高水平的资产净值和抵押贷款/房产价值的低比率是中国家庭部门购买房地产的典型特征。