Why does China's housing price remain high?

Foreign exchange in foreign trade is reduced by the government, and the foreign exchange settlement of foreign trade enterprises is settled in RMB after exchange rate accounting. This part of RMB is produced out of thin air, that is, the state prints RMB purely for "settlement", but social wealth will not increase, so there is no inflation, because all this "excess" RMB flows to real estate. You can imagine the purchasing power of 10 years ago and 10 million today. How much have you checked? This is equivalent to transferring inflation to real estate. It is also conceivable that if house prices return to ten years ago, there will be a huge balance of funds originally used for people to buy houses. Once it enters the market, it will definitely cause inflation.

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