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But everybody thought it was going to go up, so they were all crazed.

然而非常奇怪的是,每个人都以为房子会永远升值

Cumulatively from the beginning of 1994through the end of 1997, the yuan appreciated by fully one-third.

从1994年初到1997年底,人民币总计升值了三分之一。

Article said that China real estate exist "4" basin, the policy of "Basin"(negative profits, low tax, duty drawback, Blue India accounts Policy Focus), the interest rate "basin", taxation "Basin"(China not only low-tax and tax incomplete, no property tax, Trading income tax and inheritance tax, foreign Housing developed secondary trading value of the tax is generally 20% more serious bubble may upgrade to 50% or even higher, and some countries have also adopted a progressive tax to curb speculation) and the exchange rate "Basin"(short term appreciation of the existence of the Chinese exchange rate pressure, the international money watching), coupled with the love and structure of local government too low, leading to the coastal cities of residential living functional serious alienation and distortions residential speculation run wild.

文章中称,中国房地产存在"四个"盆地,即政策的"盆地"(负利、低税、退税、蓝印户口等政策聚焦)、利率的"盆地"、税收的"盆地"(中国不仅低税而且税不全,没有物业税、交易所得税和遗产税,国外发达国家二手房交易增值部份征税一般都在20%以上,泡沫严重时可提升到50%左右乃至更高,而且有的国家还采取累进征税,以抑制投机)和汇率的"盆地"(短期内中国汇率存在升值压力,国际游资虎视眈眈),再加上地方政府的过分呵护以及产业结构的低下,导致了沿海各大城市住宅居住功能严重异化和扭曲,住宅投机盛行。

Economists have long argued that when a country's currency goes up too much, it can be a death knell for economic growth.

经济学家们早就认为,如果一个国家的货币升值幅度太大,就会给该国经济增长敲响丧钟。

Renaissance in Haikou, the Bund,"the coastal district," the core of the new Bund renaissance city, its land price appreciation of the decision space of commercial real estate investment's profit margin.

文艺复兴在海口,外滩,"沿海区"的核心,新外滩复兴城,其地价升值空间的决定的商业房地产投资的利润空间。

Now the country demand people to do things with the temptation of money.

现在国家最会利用人们对钱的诱惑,而要求人们做事,其实不管金钱的升值贬值,钱是国家的,土地是国家的,房子建起来就是房价下跌,国家又不会失去。

The merit of the RMB's rise is far in excess of its demerit for Chinese economy.

人民币升值对中国经济的积极面远大于消极面。

In this case, the change in policy could well have caused the yuan to depreciate rather than appreciate.

在这种情况下,政府的变化,只会造成人民币贬值,而不是升值

There are so many researches between the fluctuation and trade balance, however, most of these researches did not analyze the appreciation of foreign exchange rate but based on the depreciatory situation.

汇率是和国民经济密切相关的一个重要的国际经济问题,汇率升值或贬值都会对一国的对外贸易产生重大的影响。

In the 1970s, the Deutsche Mark was also pushed to appreciate.

在二十世纪七十年代,德国马克也被迫升值

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