Fung, Hung-Gay; Jeng, Jau-Lian; Qingfeng "Wilson" Liu - In: Chinese Economy 43 (2010) 1, pp. 71-92
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...