PRC's Gao Says Softer Housing to Be a Drag on China GDP

The video discusses the trends in China's housing market, focusing on third-tier cities experiencing growth despite a slowdown in first and second-tier cities. It highlights government interventions, such as buying idle apartments, and their diminishing effects. The correlation between housing transactions and consumption growth is explored, with predictions of a softer GDP due to slowing housing transactions.

What trend is observed in third-tier cities compared to first and second-tier cities in China's housing market?

• A complete market collapse

• A decline in housing prices

• An uptick in housing activity

• A stabilization of housing prices

What is the role of the government in the housing market of third-tier cities?

• Buying idle apartments

• Reducing interest rates

• Increasing taxes on property sales

• Encouraging foreign investment

What is the effect of diminishing government stimulus on the housing market?

• Increased housing prices

• Decreased housing demand

• Stabilization of the market

• Diminished marginal effects

How has the housing boom since November last year affected consumption growth?

• It has been perfectly correlated with consumption growth

• It has led to a decrease in consumption

• It has caused a decline in investment

• It has had no effect on consumption

What is the expected impact of slowing housing transactions on GDP growth?

• A drag on GDP growth

• An increase in GDP growth

• No impact on GDP growth

• A boost to GDP growth