The government was too generous in helping revive real-estate demand, and, overwhelmed by fear of the negative impact of falling asset prices on economic growth, has been too cautious in dealing with bubbles when they have reappeared. With the housing sector accounting for 10% of GDP and investment in real-estate development accounting for 25% of total fixed investment, any decision to rein in runaway housing prices will be difficult.
事实上，中国的住宅价格近几个月都在疯涨。政府在扶持地产需求复苏方面过度宽容，同时也对资产价格下滑对经济发展的负面效应过度恐惧，以至于在处理再次涌现的泡沫方面太过谨慎。由于房地产部门占中国 GDP 的 10% 而地产发展占了固定投资总额的 25% ，这意味着任何试图控制房产价格这匹脱缰野马的决策都难以下定决心。