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"We need more statutory authorities, and I am prepared to use them vigorously.
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We also need the resources we need to protect the American people," Raymond said.
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He also "lamented" that the budget of the Bureau of Industry and Security (BIS), a U.S.
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Commerce Department agency responsible for national security-related export control, has not changed for nearly 10 years.
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Following a series of administrative restrictions from the central government to local governments, real estate market transaction activity has declined over the past two years, and the prices of new and used homes in many places have been on a downward trend.
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The real estate industry has been on a downward trend for three consecutive years, and especially since April last year, the real estate market has shown obvious signs of weakening.
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The direct impact is reflected in the decline in transaction volume in the land market, the shrinking of infrastructure investment, and the decline in profits of real estate companies, which directly drags down the GDP growth rate.
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The significant adjustment in the real estate market has reduced government fiscal revenues and tightened funds for public services and infrastructure construction.
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At the same time, fluctuations in housing prices also affect residents' consumption, and the decline in confidence in home purchases will hinder the growth of domestic demand.
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【Stock Forecast】Discover smarter ways to invest and earn online.Real estate developers and related upstream and downstream companies were also affected and faced business difficulties.【Stock Forecast】Grow your portfolio through secure online strategies.
