Factors Affecting China’s Economic Growth: Land Policy Changes and Real Estate Market Development in China

DOI

10.2991/aebmr.k.220307.030How to use a DOI?

Keywords

Economy; Land Policy; Real Estate Market; The marketization; economic reform

Abstract

Land policy and the real estate market have exerted a significant influence on the Chinese economy since the reform and opening up. The land finance model, whereby local governments sell land, once provided strong financial support for the take-off of China’s local economy. However, as China’s economy has transformed and society has progressed, the long-term problems that land finance has caused for the Chinese economy have become more and more apparent. The real estate market in China has formed a huge bubble effect, which poses a huge hidden danger to the long-term healthy development of the Chinese economy. This paper tries to answer some questions by comparing the differences given by previous studies, such as the reasons behind each change in China’s land policy, how the land finance model is formed, how the bubble in China’s real estate market is formed. Conclusions show that China urgently needs a thorough and effective reform to adjust the relationship between land policy and the real estate market and the national economy, so that they can return to a normal track.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Zhiyuan Cai
PY  - 2022
DA  - 2022/03/26
TI  - Factors Affecting China’s Economic Growth: Land Policy Changes and Real Estate Market Development in China
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 195
EP  - 198
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.030
DO  - 10.2991/aebmr.k.220307.030
ID  - Cai2022
ER  -