Real estate regulation is an important component of China's structural adjustment. From the micro and partial perspective, the suppression of the real estate industry will bring losses to the businesses and to the city governments; but at the macro level, regulating and controlling the real estate industry will drive more economic resources to invest in other industries and markets, making the national economy healthier. Domestic prices have risen again and profitability of real estate developers has soared. This "prosperity" has deviated from the policy objectives. If the direction of the policy is correct, then there may be mismanagement in policy implementation.