China’s property market was virtually non-existent 25 years ago, but it is now one of the most critical pillars in this country and the source of incredible wealth for many of China’s citizens. Last year property prices in China’s tier one cities made another gravity-defying leap last year. By September, new home prices had jumped 27.8% in Beijing, 32.7% in Shanghai and a meteoric 34.1% in Shenzhen year-on-year. The health of this pillar remains a top concern of the government and citizens alike. But is there a looming crisis? In the near term, the answer seems to be no.
Over the past year, the housing price in many Chinese cities has doubled. The property industry, which contributed to the economy’s growth, is now ‘hijacking’ China’s economic growth model. Instead of investing in real businesses, individuals and companies are betting on increasing property prices. In this interview, Professor Xu Chenggang talks about the government’s role in real estate regulation, the major challenges of pushing reforms in China and how state-owned enterprises and local governments should roll out these reforms.
Theme parks in China are in take-off mode once again, but could some be heading for a big drop?
As the Chinese property market slows and complicates the country’s economic outlook, the government faces a tricky balancing act.
A new CKGSB survey shows that with excessive capacity and rising costs, easing monetary policy won’t save China’s industrial economy.
A look at the China data that you should care about: from net outflows of non-foreign direct investment to the marketshare of various search engines like Baidu, Sogou and Google. Also, a look at the the decline in telecom services revenue and the acquisitions done by China’s tech companies. Bonus bit: China’s skyscraper building frenzy. If there is ever […]
The aging population in China needs a housing solution. So what’s stopping the industry from booming? Since the beginning of 2014, Jim Biggs has been living in a brand-new residential facility for senior citizens with dementia. He’s just 54 years old, and has no problem with his memory. Biggs, the managing director of Honghui Senior […]
The week that was: the Chinese economy clocked 7.5% growth; new home prices still in a tailspin; Shanxi-based Huatong Road & Bridge Group heads for a bond market default; and Alibaba delays its IPO. China growth picks up steam The world’s second-largest economy grew 7.5% in the second quarter, slightly faster than the 7.4% rate […]
Real estate in China has gone into a downward spiral and the slowing property market is casting a shadow over developers. On a spring afternoon in Beijing, Zhou Fang is busy hawking apartments in a new residential complex along the city’s third-ring road. He doesn’t appear to be having much luck. The buildings opened a couple months […]
What ails real estate in China? Are we heading for a property market crash? Does the government need to step in and save the day? In this wide-ranging interview, CKGSB professor Liu Jing, an expert on the real estate market, analyzes the situation in China’s real estate sector. China bears have never been this close […]