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
Hauptverfasser: Fung, Hung-Gay, Jeng, Jau-Lian, Liu, Qingfeng "Wilson"
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container_title The Chinese economy
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creator Fung, Hung-Gay
Jeng, Jau-Lian
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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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