CRI听力：Real Estate Market Is Facing Crisis

Recently, real estate developers have been saying they are facing a financial crisis. Financial problems, like the one that recently occurred in one of Shenzhen's banks, have become a typical story.

Let's take a closer look.

Dazhong Daily carries a commentary saying that house prices have been in fact on the increase, although by smaller margins. The drop in prices of some city housing work against the interest of buyers who bought in at higher prices, but meet the needs of middle and low class families. It goes against the common aspirations of the people to call on the government to save the housing market when the price of only a few houses falls.

A commentary in Changjiang Daily says that house prices are not actually decreasing. It's not right for the developers to ask for help from the government just because they feel financial pressure. If the price comes down reasonably, businessmen could minimize losses by cutting down on profit margins. Only if businesses and consumers behave rationally can an industry develop normally.(Www.hxen.net)

The Beijing News published a commentary saying that it is not the housing market but real estate developers themselves who need help. Developers have difficulties in adopting the market rule, which is designed to benefit leading professionals in the field. They are used to raking in huge profits. However, since housing prices have soared, a price cut is normal. Now real estate developers choose to ask help from the government to tackle the problem in order to keep gaining huge profits. Therefore, the government should act cautiously.