The Monetary Policy of Real Estate Industry Implemented by the Government under the Covid-19

Abstract: Recently, the real estate become more and more prosperous and turn out the mainstay industry of Chinas economy. And monetary policy is a wise choice to control the development of the real estate industry. In the history of the development of Chinas real estate industry, different periods have different monetary policies implemented by the government. Recently, with the influence of COVID-19, the real housing industry has been in a recession. This essay summarizes the past monetary policies implemented by government and extends to the status quo of the real housing industry to find out the fitting monetary policy which can relieve the pressure brought by the COVID-19. The expansive monetary policy would reduce the bubbles of real estate industry while the constrictive monetary policy would enhance the real estate industry. And finally get the conclusion that government should choose to implement a tight monetary policy to boost the economy of the property sector.