Analysis on the Situation of Chinese Housing Bubble
- https://doi.org/10.2991/aebmr.k.210319.009How to use a DOI?
- Housing bubble, bubble economy, bubble burst, real estate, financial crisis, house price to income ratio, demand and supply
Due to the continuously dramatic increase of the house prices in China, a question appears in front of the public asking if China has a housing bubble. This article first defines the term “housing bubble”, giving a basic information about the main topic. And then it lists and explains several real life historical cases of the burst of the housing bubble both outside China and inside the mainland. By finally analyzing the research question deeply via two aspects, this article illustrates that China does not appear to have a nationwide housing bubble and it will not burst in the short term, but may generate such bubbles in the medium term or long term. Thus, the government and economists should still pay attention to China’s real estate and think about the solution, preventing it from happening.
- © 2021, 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/).
Cite this article
TY - CONF AU - Jingyu Yao PY - 2021 DA - 2021/03/22 TI - Analysis on the Situation of Chinese Housing Bubble BT - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021) PB - Atlantis Press SP - 45 EP - 50 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210319.009 DO - https://doi.org/10.2991/aebmr.k.210319.009 ID - Yao2021 ER -