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.
The emerging middle class is the starting point for many discussions on China’s economy and society. But who are these people that, as Professor Luigi Tomba puts it, are “going to be at the epicenter of every social change that is going to happen” in China? And more importantly, where do they come from? The terms applied to them are misleading. Locally they are something of an economic elite, and even so have not reached the wealth of their supposed Western counterparts – in other words, they are not the “middle” of anything. They are also far from uniform.
Does China’s debt, which refuses to stop growing, threaten to take the show off the road?
As the Chinese property market slows and complicates the country’s economic outlook, the government faces a tricky balancing act.
This week, CEO Wang Jianlin missed the opportunity to become the richest man in China when the much awaited Dalian Wanda IPO turned out to be a damp squib and Xiaomi was valued at $45 billion, way higher than Uber.
The sharing economy has threatened traditional industries in the West in the last few years. Now it’s gaining a foothold in China.
Carnegie Endowment’s Yukon Huang offers a new perspective and demystifies some popular notions about China, such as fears about the real estate bubble.
Author and researcher Leta Hong Fincher on the confounding phenomenon of women forfeiting their property wealth in China.
The Fall 2014 issue of CKGSB Knowledge is out! It has articles and interviews like: COVER STORY: Around the World: In a circuitous way, billions of dollars rely on an international game of legal cat and mouse. China’s top companies use variable interest entities, but now the Alibaba IPO is shining a light on this legal grey area. CHINA BY NUMBERS: From […]
How serious is air pollution in China and how is the country addressing it at a policy level? Also, what kind of business opportunities is this creating? A comprehensive look. If you live in China, chances are the one thing you’d be most concerned about is the level of PM2.5 in the air. PM2.5, or particulate matter […]