| Author: | Liang, Gui |
| Title: | A case study of fluctuations and cycles of China's real estate economy (original in Chinese) |
| Journal: | Economic Research Journal (c)
1996 : 7, p.31-37 |
| Index terms: | PROPERTY BUSINESS CYCLES CHINA |
| Language: | chi |
| Abstract: | Fluctuations of China's real estate economy stem from the dual impact of governmental plans and market mechanisms. Economic cycles find expressions in: the imbalance of supply and demand of real estate--remarkable increase in campaigns of sales and brisk markets--novel architectures seem to have been put on market overnight; developers becoming totally pessimistic instead of being optimistic in every aspect-- competition in sales of real estate becoming more violent; real estate markets declining in terms of scale and benefits Economic cycles of real estate are negatively related to cycles of fluctuations of inflation, and are, to some extent, synchronous with the overall economic fluctuations. |
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