rates and house prices. Some Chinese banks, especially the Bank of China, have been exposed to the US mortgage … replicated in China. This paper shows that there are some significant differences between China and the West, especially the US … and the UK. Compared with the US and other western industrialized economies, the booming house market in China has been …

in 2007 and, in each case, was accompanied by a rapid expansion of financing — mortgage lending and mortgage …

The recent surge in property values in China has been similar to the surge in the U.S before the crash in 2007. This … raises concerns about whether China is destined to have a crash as well. We estimate similar models of property values for … reverting, without momentum. This suggests that the recent price rise in China has had more to do with scarcity than with …