Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 56 , 01 December 2023


Open Access | Article

Analysis of the Real Estate Market in China’s Past and Present

Hao Gong * 1
1 School of Business, University of Nottingham Ningbo China, Ningbo City, Zhejiang Province, 315199, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 56, 42-48
Published 01 December 2023. © 01 December 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Hao Gong. Analysis of the Real Estate Market in China’s Past and Present. AEMPS (2023) Vol. 56: 42-48. DOI: 10.54254/2754-1169/56/20231056.

Abstract

The real estate sector, which plays a significant role in land financing and is a foundational sector of the Chinese economy, is very important. By primarily examining data from the China Statistics Bureau, the China Statistical Yearbook, and real estate-related statistics, this paper examines the present growth pattern of China’s real estate business and highlights possible concerns in the current real estate industry. The real estate market is clearly in a downturn right now, but there are also hidden risks of overinvestment that might undermine the stability of the financial system. This is what this paper’s data investigation reveals. As a result, the economic growth model that relies heavily on land financing cannot continue, and appropriate regulatory changes are needed to lower the risks associated with potential hidden hazards in real estate. Finally, it is recommended that the government carefully regulate the real estate market and, in the future, promote high-tech companies and financial industries to lessen the country’s reliance on land financing.

Keywords

real estate, land finance, Chinese economy

References

1. China Index Academy Limited. http://www.beijingleather.com.cn/house/105035.html

2. China population and employment statistical yearbook. https://kns.cnki.net/kns/Navi?DBCode=CYFD&BaseID=YZGRL

3. Fong, W. (2011). Real estate investment, real estate credit and China’s economic growth. Economic Theory and Economic Management (01), 59-68.

4. Ge, Yang & Qian, Chen. (2014). The role of “land finance” in promoting economic growth and its transformation. Social Science Research (01), 28-34.

5. Lin, Tsai-Yi. (2016). China’s real estate market has entered a downward cycle. China Real Estate Finance (04), 94-95. National Bureau of Statistics homepage. http://www.stats.gov.cn/

6. Ruxin, Lu Xueyi, Li Peilin, Xu Xinxin, Chen Guangjin, Li Wei. (2007): Analysis and Forecast of China’s Social Situation. Beijing. Social Science Literature Publishing House,2006-12

7. Shell Research Institute. (2022). Survey Report on Housing Vacancy Rate in Major Cities of China, 2022.https://www.djyanbao.com/report/detail?id=3273840&from=search_list

8. Tian, Yuan Yuan. (2023). Research on the Impact of Leverage Ratio of Real Estate Enterprises on Systemic Financial Risk (Master’s thesis, Lanzhou University of Finance and Economics).

9. Wang, T., Zhang, N. (2021).: How important is China’s real estate sector to China’s economy from a macro perspective. Real Estate Journal (11), 16-19.

10. Yu, N. (2012). Correlation analysis of urbanization development and land finance in China (Master’s thesis, Tianjin University of Finance and Economics).

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-159-9
ISBN (Online)
978-1-83558-160-5
Published Date
01 December 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/56/20231056
Copyright
01 December 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated