This paper discusses the development of real estate industry in China in recent years. It argues that Hayek's theory of economic fluctuations can help to explain the contraction of the real estate market in 1994 in China as a whole. However, as a theory of the closed economy, Hayek's theory is...

This study contributes to the accounting literature by providing empirical evidence from China that adopting IFRS does not necessarily lead to IFRS-type accounting practices. We examine the impact of regulatory enforcement, in particular, an important Chinese government compulsory compliance...

The environment has been perceived as an international issue, and ways of attaining sustainability are becoming important for countries seeking sustainable development. The international community has been active in developing policy frameworks towards achieving the sustainability, such as an...

Housing in China has proved problematic for many years. Since economic reform started in the 1980s, urbanization has been a token of modernization, and consequently housing provision in urban areas has been a major social and economic issue. The major housing problem in China is the scarcity of...

The development of China's construction industry is presented by describing its current status and highlighting its achievements, identifying the main constraints preventing the industry from playing a more effective and efficient role in the country's economic development. Fundamental changes...