Comparative Analysis of Real Estate Bubble in China and Japan

DOI

10.2991/emle-17.2017.40How to use a DOI?

Keywords

China and Japan; real estate bubble; comparative analysis

Abstract

Real estate investment has been growing rapidly and real estate prices rising steadily since the marketization of real estate in China. Many scholars have come to the conclusion that China's real estate industry has the phenomenon of bubble. We can find that there are some similarities between China and Japan and there are also obvious differences between them by contrasting with the development process of real estate bubble in Japan. There are many common features in China and Japan in the aspects of real estate investment, financial support and social speculation psychology; but there is a big difference between China and Japan in terms of interest rate policy, exchange rate policy, land system and national development stage. Therefore, although the governance of China's real estate bubble can draw lessons from Japan, more attention should be given to special national conditions. We should formulate relevant regulatory policies according to the local conditions.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhigang Wang
PY  - 2017/12
DA  - 2017/12
TI  - Comparative Analysis of Real Estate Bubble in China and Japan
BT  - Proceedings of the 3rd International Conference on Economics, Management, Law and Education (EMLE 2017)
PB  - Atlantis Press
SP  - 195
EP  - 199
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-17.2017.40
DO  - 10.2991/emle-17.2017.40
ID  - Wang2017/12
ER  -