房地产

The paper analyzes the dynamic relations of the China's real estate price index and main macroeconomic indexes in recent years under the cointegration and error correction model frame. The finding is that real estate price has the support of macroeconomic background, real estate market risk is not severe.

从此角度出发，本文在协整和误差校正模型的框架下，分析了中国近年来房地产价格指数与主要宏观经济指标的长期均衡关系，得出了虽然近年来房地产价格上涨较快，但从总体上看，其变化有宏观经济背景的支持，房地产市场风险还不是很大的结论。

The conclusion is that reducing or eliminating unnecessary' unpredictable and undescribable uncertainty' might be the best approach to manage the default risks of real estate mortgage and improve its allocating efficiency. This approach is also vital for judging the interactive relationship between price volatility of real estate market and financial market and macro-economy to prevent such volatility's impacts on the latter.

本文认为，减少或消除不必要的"不可预见和不可描述的不确定性"可能是管理房地产抵押贷款违约风险，提高贷款配置效率的最好途径，这对于分析房地产市场价格波动与金融市场、宏观经济的互动关系，防止房地产价格波动对金融业和宏观经济的冲击至关重要。

In this paper, we use spectrum analysis method to measure the length of the real estate cycle in China, analyze the rule of the real estate cycle, and propose many policies and strategies to adapt cyclic undulation of the real estate.

本文运用谱分析方法比较准确的测定我国房地产周期的长度，分析了我国的房地产周期的规律性，提出了适应房地产周期波动的政策和策略。

The results indicate that in US where the real estate market is mature and steady, land price determines the housing price; in Japan where the real estate market is abnormal, housing price determines the land price; in China where the completion of real estate market is unredeemed, land price determines the housing price.

结果表明：在美国，房地产市场处于成熟、平稳的发展阶段，地价决定房价；在日本，房地产市场处于异常发展阶段，房价决定地价；在中国，房地产市场尚未达到稳定阶段，地价决定房价。

It can be inferred, unsalable or vacant Housing Housing is mainly low-grade real estate, luxury real estate continuing popularity, supported by continuous development of the real estate industry, real estate market overheating problem is a structural contradiction.

可以推断，滞销房或空置房主要是低档房地产，豪华房地产继续普及的支持下，不断发展的房地产业，房地产市场过热的问题是一个结构性矛盾。

Against the above background, strengthening property valuation theory and methods of research, real estate valuation for raising the technological content, raising the real estate valuation industry's international competitiveness, with theoretical and practical significance.

鉴于上述背景，加强房地产估价理论与方法的研究，对于提高房地产估价业的科技含量，提高我国房地产估价业的国际竞争力，有着理论和实践意义。

The establishment and operation of real estate valuation agencies, registered real estate valuer and registered real estate agents credit files.

建立和开通房地产估价机构、注册房地产估价师和注册房地产经纪人信用档案。

August 12 State Department's "on the promotion of sustained and healthy development of the real estate market notification"(referred to as "document on the 18th") fully affirmed China's real estate industry's contribution to the socio-economic development, clearly made a "real estate related degrees high drive power, has become a pillar industry of national economy,"the judge, for the vexed question of the many paintings on the stage to put a full stop.

8月12日国务院的"关于促进持续健康发展房地产市场的通知"（简称" 18号文件关于"）充分肯定了中国的房地产行业的贡献，社会经济发展，明确提出了"真正的房地产相关度高驱动力，已成为支柱产业对国民经济，"法官，在棘手的问题的许多作品在舞台上了句号。

Interest has negative impact on the housing investment; the housing investment has decrescent positive loan amount elasticity.

随着我国房地产市场的完善，房地产产品结构优化，房地产投资对GDP的拉动作用越来越明显。

With incessant development of Chinese real estate market,the amount and size of real estate corporations are enlarging rapidly and the real estate corporation investment goal is tending to become divertive.

随着我国房地产市场的不断发展，房地产企业的数量和规模也都在急剧扩大，房地产企业的投资目标也日趋多元化，对其投资目标的正确认识也显得尤为重要。

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm～150rpm时取得最大值，此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世，形体几无变化。