Studio interview on real estate market

For more analysis on the real estate market, we're joined in the studio by Dr. Xiang Songzuo, deputy director of the Center for International Monetary Research at Renmin University of China. Welcome to our program, Dr. Xiang.

Q1. How do you see the policies issued recently to rein in the red-hot real estate market, are they able to crack down on speculation effectively?

Q2. There are expectations that property prices may fall 20 to 30 percent this year, do you agree with that?