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 […]
Real Estate in China: the Good, the Bad and the Ugly
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 […]
China Roundup: Bitcoin Prices Plunge; Luxury Market Slows Down; and Housing Prices Rise
The week that was: luxury retail in China slows down as the government’s anti-corruption measures take effect; over-the-counter exchange markets widen their reach; housing prices rise; and bitcoin prices nosedive. China broadens OTC exchange nationwide More small and medium-sized companies will have access to China’s over-the-counter (OTC) exchange market, as the Chinese State Council announced […]
Will China’s property price drop hit its consumption growth?
Real estate has been a major contributing factor for China’s GDP within the past few years. However, it is believed that the government’s recent statement about continuing to “stabilize” property prices may drive some people away from consumption, which would be the opposite effect the government is hoping for. Given that China’s export-driven economy has […]
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