Report warns on China's real estate rebound

 BEIJING, Dec. 13 (Xinhua) -- A government think tank has warned that 2013 may see continued rises in real estate prices and face the risks of market collapses¹ in some localities.

According to a green paper on China's housing sector² released by the Chinese Academy of Social Sciences (CASS) on Thursday, the academy is worried that many indexes of the country's housing market have shown rising trends in recent months.

According to a report by the National Bureau of Statistics on Dec. 9, China's real estate investment rose 16.7 percent year on year in the first 11 months of this year, compared with 15.4 percent in the first 10 months.

The green paper said housing prices in most of Chinese cities will continue rapid increases in the fourth quarter of this year and into 2013, and real estate bubbles in some cities will burst due to a retreat of investment and speculative³ funds.

Some small- and medium-scale real estate companies' fund chains will break, which will leave more unfinished buildings and financial risks in the country, it added.

The green paper expressed the CASS's belief that, while the Chinese government's macro-control policies implemented⁴ in restraining speculation⁵ in real estate have worked, they have not achieved optimal⁶ results.

It said one reason why the policies had not worked as intended was some local governments' loose implementation⁷ of the directives.

1 collapses   

折叠( collapse的第三人称单数 )； 倒塌； 崩溃； （尤指工作劳累后）坐下

参考例句：

• This bridge table collapses. 这张桥牌桌子能折叠。
• Once Russia collapses, the last chance to stop Hitler will be gone. 一旦俄国垮台，抑止希特勒的最后机会就没有了。

2 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

3 speculative   

adj.思索性的，暝想性的，推理的

参考例句：

• Much of our information is speculative.我们的许多信息是带推测性的。
• The report is highly speculative and should be ignored.那个报道推测的成分很大，不应理会。

4 implemented   

v.实现( implement的过去式和过去分词 )；执行；贯彻；使生效

参考例句：

• This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
• The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革，经济就面临崩溃的危险。 来自辞典例句

5 speculation   

n.思索，沉思；猜测；投机

参考例句：

• Her mind is occupied with speculation.她的头脑忙于思考。
• There is widespread speculation that he is going to resign.人们普遍推测他要辞职。

6 optimal   

adj.最适宜的；最理想的；最令人满意的

参考例句：

• What is the optimal mix of private and public property rights in natural resources?私人和国家的自然资源产权的最适宜的组合是什么？
• Optimal path planning is a key link for the sailing contest.帆船最优行驶路径规划是帆船比赛取胜的关键环节。

7 implementation   

n.实施，贯彻

参考例句：

• Implementation of the program is now well underway.这一项目的实施现在行情看好。