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1、PositiveRelationbetweenHousePriceOfficialPromotionWhydoesthehousingpriceinChinakeepincreasing?Peopleusuallyattributetotheprogressinurbanization,therigiddemfhouses,thevigousmarketofinvestmentspeculation.Prof.DengYonghengf
2、romtheNationalUniversityofSingapeProf.WuJingfromTsinghuaUniversitynowgaveoutanotherreason.Theymademassiveresearchesintothelpricesof35citiesofChinaunsurprisinglyconnecttheincreasinghousepricetothelprice.What’sreallywthatt
3、entionisthebyproductofthisresearch.TheyfoundthattheincreaseinhousepriceispositivelyrelatedwiththepromotionratesofmaysPartysecretariesofdifferentcities.Concretely,iftheleadersofacityputmemoneyintothetransptationfacilities
4、realestate,thecity’sGPDwillbegreatlyimprovedthePartysecretaryhas4.76%additionalprobabilitytogetpromotedthemayis10%melikelytogetpromoted.Inreverse,iftheleadersputmemoneyintothedisposalofwaterairpollutionanyotherenvironmen
5、talThelackofdrivingfceftheeconomicgrowthmakeslocalgovernmentsmedependentontherealestate,becausethemaysPartysecretariesfearthattheymightnotbepromotedtohigherpositionsiftheeconomicdataoftheirplacesistoo“bad”.Therefe,thecur
6、rentsystemofreviewingthelocalgovernmentalofficials’perfmance,whichcloselyrelatestheGDPwiththeseleaders’future,istoblamedftheeverfastincreasinghouseprice.Inthefirstquarterof2013,thehousepriceinBeijinghadthefastestgrowthin
7、thewholecountry.TheleadersofBeijingseemedtogetangered“relatedthehousepricecontrolwiththerelativegovernmentalofficials”anyonewhofailedtocontrolthehousepriceatbaycouldbeaccusedevensanctioned.The“negativerelationbetweenhous
8、epricegovernmentalofficials’promotion”iswthspreadingtothewholecountry,ifthisismeoftheactionthanwds.Anyway,thisisridiculoustosustainthepositiverelationbetweenhousepricegovernmentalofficials’promotion.Itisevenmeridiculous,
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