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Since the 1990s, China's real estate market has experienced a dramatic and long-lasting boom across China. This boom … into a gigantic housing bubble, which might eventually burst and damage China's financial system and economy. Motivated by … this concern, this paper reviews the historical development of China's real estate market, describes the real estate boom …
Persistent link: https://www.econbiz.de/10012480948
China's real estate has been a key engine of its sustained economic expansion. This paper argues, however, that even …
Persistent link: https://www.econbiz.de/10012481245
High and rising prices in Chinese housing markets have attracted global attention, as well as the interest of the Chinese government and its regulators. Housing markets look very risky based on the stylized facts we document. Price-to-rent ratios in Beijing and seven other large markets across...
Persistent link: https://www.econbiz.de/10012462467
is far from certain. The demand for real estate in China is so strong that current prices might be sustainable …
Persistent link: https://www.econbiz.de/10012455891
(4)There are no official data on residential vacancy rates in China, but some researchers have reported very high …
Persistent link: https://www.econbiz.de/10012457322
This paper uses the 2008 Wenchuan earthquake in China as a natural experiment to examine how the housing market reacted …
Persistent link: https://www.econbiz.de/10012459148
, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first … speed and efficacy of China's stimulus derives from state control over its banking system and corporate sector. Beijing …, fueling a real estate bubble; and that China's seemingly highly effective macroeconomic stimulus package may well have induced …
Persistent link: https://www.econbiz.de/10012461787
This article examines the risks faced by China's real estate sector within its distinct hybrid economy, which combines … gives the government a strong commitment and the ability to delay a real estate crisis. However, China's real estate risk is …
Persistent link: https://www.econbiz.de/10014250136
This paper provides new estimates of the housing stock, construction rates and price developments by city tier in China … also update estimates of the size of China's rapidly evolving real estate sector through 2021, allowing one to look at the … construction. We argue that China overall faces imbalances between supply and demand for housing stock, but the problem is …
Persistent link: https://www.econbiz.de/10013388875
institutional and structural changes that China has undergone. We find that increases in bank reserve requirements reduce economic … account. Overall, our results indicate that the monetary policy transmission channels in China have moved closer to those of …
Persistent link: https://www.econbiz.de/10012458147