China and the world money stock, real estate, most of the water to absorb the money, the flow of new loans are also here. Since the Chinese currency is substantially closed operation, the People's Bank currency issued in circulation are circled, China's current total of broad money M2 is added together the United States and Japan.The end is already in sight because the State Council has planned for Shanghai to become an international financial center in 2020, which requires a convertible currency:
In terms of purchasing power parity, or other indicators, the RMB was significantly overvalued, overseas shopping has become routine. Once the internationalization of the RMB, the yuan can circulate freely, with the International Monetary confluence overvalued renminbi will depreciate. As the largest carrier yuan, real estate depreciation is a constant.
March 2009 decision of the State Council executive meeting, 2020 Shanghai will become an international financial center. For Shanghai to build an international financial center, the biggest problem is the internationalization of the RMB. At the latest by 2020, more than three years time, the internationalization of the RMB is bound to happen. Whether the price inflection point for housing is before the internationalization of the RMB, after, or simultaneously, is no longer important.iFeng: 学者：人民币国际化 高房价拐点来了