VIP Class Notes (Lily) [R]

Pronunciation

debt= det

obvious= o vee yes

Grammar

I want to buy something
I don’t want to buy anything

I don’t want to eat anything else.

Vocabulary

boost= 促进
ex: To boost the economy situation in Canada, they legalized marijuana.

first-tier cities= 一线城市
ex: Shanghai, SZ, Beijing are the first-tier cities in China.

prone to= 倾向于
ex: he is more prone to living in downtown.

statistics= 数据
ex: there are lots of statistics in this article, to help you understand the real estate market in the first-tier cities.

prove= 证明
ex: the statistics will prove to the readers that the real estate market is doing well.

Reading

Housing prices continued to stabilize in major Chinese cities during November, with fewer cities reporting price spikes as nationwide curbs continued to bear fruit, experts said on Monday.

Out of the 70 major cities tracked by the National Bureau of Statistics (NBS), 44 cities reported higher prices for new homes, compared with 50 in October. It was also the lowest recorded figure in the last two years, according to the NBS.

Local governments continued to implement tightening measures in accordance with their requirements in November, while the long term mechanisms have helped ensure stability in the real estate market, said Kong Peng, chief statistician of the NBS.

In November, new home prices in the four first-tier cities rose by 0.6 percent on a monthly basis, with Beijing seeing an increase of 1.7 percent, followed by Shanghai (0.3 percent) and Shenzhen (0.2 percent). Guangzhou, however, saw prices drop by 0.5 percent from October, according to the NBS data. Compared to last year, the four top tier cities saw a 4.9 percent growth in their new home prices in November on a yearly basis.

Beijing’s growth in new home prices may be due to the newly completed Beijing Daxing International Airport and the ongoing development work in Tongzhou. The promising development outlook has supported price hikes in the two regions,” said Yan Yuejin, research director at the E-House China R&D Institute.

New home prices of 31 second-tier cities monitored by the NBS rose 0.2 percent on a monthly basis, while the 35 third-tier cities saw new home prices go up by 0.5 percent, down 0.3 percentage point and 0.1 percentage point from the previous month.

On an annualized basis, home prices in second-tier cities grew by 7.9 percent, down 0.8 percentage point from October, marking the seventh month that the growth rate has fallen. In third-tier cities it was the eight consecutive month of flat or slower growth rates.

Beijing’s growth in new home prices may be due to the newly completed Beijing Daxing International Airport and the ongoing development work in Tongzhou. The promising development outlook has supported price hikes in the two regions,” said Yan Yuejin, research director at the E-House China R&D Institute.

New home prices of 31 second-tier cities monitored by the NBS rose 0.2 percent on a monthly basis, while the 35 third-tier cities saw new home prices go up by 0.5 percent, down 0.3 percentage point and 0.1 percentage point from the previous month.

On an annualized basis, home prices in second-tier cities grew by 7.9 percent, down 0.8 percentage point from October, marking the seventh month that the growth rate has fallen. In third-tier cities it was the eight consecutive month of flat or slower growth rates.