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Xiong Zhijun's views on 房地产行业

Comments on "国资委官员:应对房地产行业征暴利税", see Devan的日志, 21/03/2010, http://www.pinggu.name/space-1517848-do-blog-id-38087.html

Cheers for 熊志军, a friend or colleague back more than 20 years at MMI.

His view on GOEs and they should aim at profits as any firms do, is correct.

However, I feel his view in terms of how to deal with abnormal super profits from land and real estate assets may be problematic.

The State should not punish many small investors, but to manage how big firms behave in terms of pure speculations and destabilising the markets.

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