Development of China's Real Estate Market
Over the past two decades, real estate has evolved from government-controlled to a commercial product, emerging and developing into an important component of China's financial markets. Although the overall gross domestic product (GDP) and income levels have been growing rapidly, the even-faster...
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Veröffentlicht in: | The Chinese economy 2010-01, Vol.43 (1), p.71-92 |
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creator | Fung, Hung-Gay Jeng, Jau-Lian Liu, Qingfeng "Wilson" |
description | Over the past two decades, real estate has evolved from government-controlled to a commercial product, emerging and developing into an important component of China's financial markets. Although the overall gross domestic product (GDP) and income levels have been growing rapidly, the even-faster rising housing costs have exacerbated the problem of housing affordability. Real estate development has become a key factor in China's economic growth, as real estate has become an essential part of the overall functioning of the economy. Recent signs following the global financial crisis suggest that China's real estate market has bottomed and may be on its way to a rebound. In the long run, this market offers lucrative investment opportunities for domestic and foreign investors. |
doi_str_mv | 10.2753/CES1097-1475430104 |
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source | RePEc; PAIS Index; EBSCOhost Business Source Complete |
subjects | Affordable housing China (People's Republic) Commercial products Cost Economic change Economic crisis Economic development Economic growth GDP Gross Domestic Product Housing Housing developments Investors Property Real estate business Studies |
title | Development of China's Real Estate Market |
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