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Chinas Housing Reform And Outcomes
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Book Synopsis China's Housing Reform and Outcomes by : Joyce Yanyun Man
Download or read book China's Housing Reform and Outcomes written by Joyce Yanyun Man and published by . This book was released on 2011 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the housing reform in 1998 that abandoned China's old system of linking housing distribution with employment, the housing market has experienced rapid development and is now a significant source of economic activity for the Chinese economy. China's population growth and urbanization has driven a significant portion of the residential construction boom. This has led to improvements in housing conditions for urban residents. A significant issue of China's housing boom is a considerable increase in housing prices which poses enormous challenges at both central and local government levels. The book covers the housing situation in China and the direction it appears to be headed. Included are predictions based upon current housing trends and the likely impact to China's housing sector in coming years. The chapters present the proceedings of a May 2009 conference cosponsored by the Lincoln Institute and the Peking University-Lincoln Institute Center for Urban Development and Land Policy. Scholars who specialize in China's housing market shared valuable information and insights about housing policies and practices in China with government officials, academic researchers, faculty and students.
Book Synopsis China's Housing Reform and Outcomes by : Joyce Yanyun Man
Download or read book China's Housing Reform and Outcomes written by Joyce Yanyun Man and published by Lincoln Inst of Land Policy. This book was released on 2011 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This in-depth volume explains China's residential construction boom and reviews how some established trends are likely to challenge its housing market in coming years. It draws on household surveys and public data in China and provides important lessons about housing policy for China and other countries.
Book Synopsis Housing Policy and Practice in China by : Y. Wang
Download or read book Housing Policy and Practice in China written by Y. Wang and published by Springer. This book was released on 1998-12-16 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative addition to comparative housing research, adding to knowledge of housing policy in practice in China. It demonstrates how Chinese housing provision and policy differs in important ways from that of the former state socialist regimes in Eastern Europe and from other developing countries with which China is often grouped. The relationships to the Chinese political and social frameworks and the influences of Asian neighbours are outlined and assessed.
Book Synopsis Housing Reform and China’s Real Estate Industry by : Pengfei Ni
Download or read book Housing Reform and China’s Real Estate Industry written by Pengfei Ni and published by Springer Nature. This book was released on 2020-02-22 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth analysis of China’s housing system and real-estate industry .The author weaves together the different elements of the real estate industry into a logically coherent whole, in which the relationship between the real-estate industry and the macroeconomy sets the background, the housing market forms the core, real estate finance makes up a necessary condition, public policy provides the guarantee and the housing system the foundation. The book constructs an analytical framework for the development of China’s housing system that considers a comprehensive range of factors, highlights the most important issues, and is soundly structured, logical and clear. By applying this framework, the authors present an overview of the past, present and future of China’s housing industry.
Book Synopsis Stabilizing China’s Housing Market by : Richard Koss
Download or read book Stabilizing China’s Housing Market written by Richard Koss and published by International Monetary Fund. This book was released on 2018-04-13 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp rise of house prices in China’s Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China’s unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt “ghost cities” greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur.
Download or read book Housing East Asia written by J. Doling and published by Springer. This book was released on 2014-01-21 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing policy has been central to the economic success stories of the major East Asian economies as well as a pillar of social and welfare provision. This book explores not only the development of their distinctive approach, but also the challenges posed in recent years, and currently, by rapid socio-economic and demographic change.
Book Synopsis Housing Affordability and Housing Policy in Urban China by : Zan Yang
Download or read book Housing Affordability and Housing Policy in Urban China written by Zan Yang and published by Springer Science & Business Media. This book was released on 2014-01-25 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of housing affordability under the economic reforms and social transformations in urban China. It also offers an overall review of the current government measures on the housing market and affordable housing policies in China. By introducing a dynamic affordability approach and residual income approach, the book allows us to capture the size of the affordability gap more accurately, to better identify policy targets, and to assess the effectiveness of current public policy. The unique database on urban household surveys and regional information on affordable housing projects serve to strengthen the analysis. The book offers theoretical and empirical insights for in-depth affordability studies and helps readers to understand the social impacts of market reforms and the role of government on the Chinese housing market.
Book Synopsis China's Housing Middle Class by : Beibei Tang
Download or read book China's Housing Middle Class written by Beibei Tang and published by Routledge. This book was released on 2017-10-25 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Home ownership plays a significant role in locating the middle class in most western societies, associated with market, consumerism, democracy and “people like us”, the significant features of the middle class for any society. In China, private home ownership was not the norm from 1949, when the Chinese Communist Party took power, until the 1990s. In the past three decades, however, there has been a fast growing housing consumption and private homeowners have become the most significantly changing aspect of Chinese urban life. In particular, the rise of gated communities has become a predominant feature of the urban landscape. Similar to their western counterparts, the gated communities in China exemplify “high status” symbols with enclosed and restricted residential areas, exclusive community parks and recreational facilities, and professional management and security services. But different from western societies where gated communities usually represent luxurious lifestyles only limited to a small group of people, in urban China gated communities have become one major form of supply in the housing market and one of the most popular and desirable choices for homebuyers. Private home ownership and residency in gated communities, altogether characterize the most significant aspect of comfort living and distinct lifestyles of China’s new middle classes who have successfully got ahead in the socialist market economy. This book examines the formation of “China’s housing middle class”. It develops a theoretical argument about, and provides empirical evidence of the heterogeneity of China’s new middle class, which underlines the relations between the state, market and life chances under a socialist market economy. As such it will be of huge interest to students and scholars of Chinese society, sociology and politics.
Book Synopsis Urban Housing Reform in China by : George S. Tolley
Download or read book Urban Housing Reform in China written by George S. Tolley and published by . This book was released on 1991 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to analyze some major elements of a market-oriented reform drawing on the experiments carried out in selected cities prior to the 1988 Reform Plan. Following a general introduction about the status and context of reform in China, the paper selects some critical issues for the introduction of market mechanisms in urban housing. First, it analyzes pricing and allocation reforms in the existing stock. The present policy of low rents where urban households spend about 1% of cash income on housing is unsustainable and leads to ever growing distortions and large scale subsidies. The paper provides an analysis of the tenure choice based on the user-cost of capital concept to show the functional relationship between rent reforms and the potential development of home ownership in Chinese cities. Pursuing further the critical distinction between the demand for housing ownership and that for housing services, the significant efficiency benefits that can be derived from allowing the free exchange and allocation of existing housing units are evaluated. Finally, the paper provides suggestions to improve the present approach to housing reforms in China regarding sale prices, the setting of rents and credit conditions offered to finance housing sales. Particular stress is placed on property rights reforms to achieve maximum economic and social benefits from urban housing reform.
Book Synopsis NBER Macroeconomics Annual 2015 by : Martin Eichenbaum
Download or read book NBER Macroeconomics Annual 2015 written by Martin Eichenbaum and published by University of Chicago Press. This book was released on 2016-06-22 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycles in China's Macroeconomy” by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. “Demystifying the Chinese Housing Boom” by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, “External and Public Debt Crises” by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, “Networks and the Macroeconomy: An Empirical Exploration” by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household’s beliefs for understanding economic phenomena. “Expectations and Investment,” by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. “Declining Desire to Work and Downward Trends in Unemployment and Participation” by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s.
Download or read book Privatisation written by Xing Quan Zhang and published by . This book was released on 1998 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book attempts to broaden and deepen our understanding of the vital important and increasingly significant topic of China's housing reform in the process of transition from a planned economy to a market one. The book draws on the author's extensive experience of research into housing reform, particularly privatisation policy. Housing policy is assessed against a background of housing problems and political, economic and cultural changes. The book offers a detailed examination of the housing problems and the causes of these problems and the government policy of tackling the housing problems in the reform era. It provides a comprehensive and timely analysis of the rationales, objectives, instruments and performance of housing privatisation in China and uncovers possible risk outcomes of privatisation and potential conflicts involved in the process of privatisation. It provides fresh insights into the housing question and the privatisation issue in China. The book finally sets out recommendations for alternative options to tackle the housing problems in China. The book will be of interest to all those concerned with housing policy, urban development, privatisation and reform issues in China.
Book Synopsis China's Emerging Middle Class by : Cheng Li
Download or read book China's Emerging Middle Class written by Cheng Li and published by Brookings Institution Press. This book was released on 2010 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decades ago, there was no distinct middle class in the People's Republic of China. Any meaningful discussion of China's economy, politics, or society must take into account the rapid emergence and explosive growth of the Chinese middle class. This book details the origins and characteristics of this dramatic change.
Book Synopsis Institutionalization of State Policy by : Miao Zhang
Download or read book Institutionalization of State Policy written by Miao Zhang and published by Springer. This book was released on 2015-06-10 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using fresh evidence and a novel methodological framework, this book sheds light on how institutions have driven economic reform in China's urban housing sector. The book systematically analyzes the developmental role of the state in China, with rich empirical evidence to show how decentralization has brought about significant participation by the different levels of government with the central, provincial and municipal governments focusing on initiation, intermediation and implementation roles respectively. Despite many Western analysts claiming that it is single complex superstructure, the institutionalization of governance structures in China following reforms has taken place through strong coordination between governments at different levels to meet targeted plans. Although China still has a long way to go to before it can be considered developed, this book elaborates on how the country offers a unique alternative for other states seeking to develop by striking a balance between capitalist and socialist instruments.
Book Synopsis Urban Housing Reform in China by : Shu-ping Chen
Download or read book Urban Housing Reform in China written by Shu-ping Chen and published by . This book was released on 1993 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Housing Market Experience and Implications for China by : Rebecca L. H. Chiu
Download or read book International Housing Market Experience and Implications for China written by Rebecca L. H. Chiu and published by Taylor & Francis. This book was released on 2019-03-18 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent rapid housing market expansion in China is presenting new challenges for policy makers, planners, business people, and citizens. Now that housing in middle-income China is driven by consumer choices and is no longer dominated by state policy decisions, housing policy issues in Chinese cities are becoming increasingly similar to those encountered in other global housing markets. With soaring prices and imbalances in housing supply favoring high income groups and housing demand driven by rising inequality in household incomes, many middle and lower-income households face worsening choices in terms of the quality and location of their housing as well as greater financial difficulties, which together can have negative implications for standards of public health. This book examines the impact of these changes on the general population, as well as on aspiring homeowners and developers. The contributors look at the effect on the widening of wealth gaps, slower economic growth, and threats to political and social stability. Though focusing on China, the editors also present discussions of specific policy design challenges encountered in Australia, Japan, Korea, the Netherlands, the Nordic countries, Singapore, Taiwan, the UK, and the US. This book would be of interest to housing policy makers, as well as academics who are studying the social and political effects of the Chinese housing market.
Book Synopsis Urban Inequality and Segregation in Europe and China by : Gwilym Pryce
Download or read book Urban Inequality and Segregation in Europe and China written by Gwilym Pryce and published by Springer Nature. This book was released on 2021-11-16 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores new research directions in social inequality and urban segregation. With the goal of fostering an ongoing dialogue between scholars in Europe and China, it brings together an impressive team of international researchers to shed light on the entwined processes of inequality and segregation, and the implications for urban development. Through a rich collection of empirical studies at the city, regional and national levels, the book explores the impact of migration on cities, the related problems of social and spatial segregation, and the ramifications for policy reform. While the literature on both segregation and inequality has traditionally been dominated by European and North American studies, there is growing interest in these issues in the Chinese context. Economic liberalization, rapid industrial restructuring, the enormous growth of cities, and internal migration, have all reshaped the country profoundly. What have we learned from the European and North American experience of segregation and inequality, and what insights can be gleaned to inform the bourgeoning interest in these issues in the Chinese context? How is China different, both in terms of the nature and the consequences of segregation inequality, and what are the implications for future research and policy? Given the continued rise of China’s significance in the world, and its recent declaration of war on poverty, this book offers a timely contribution to scholarship, identifying the core insights to be learned from existing research, and providing important guidance on future directions for policy makers and researchers.
Download or read book Urban China written by World Bank and published by World Bank Publications. This book was released on 2014-07-29 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last 30 years, China’s record economic growth lifted half a billion people out of poverty, with rapid urbanization providing abundant labor, cheap land, and good infrastructure. While China has avoided some of the common ills of urbanization, strains are showing as inefficient land development leads to urban sprawl and ghost towns, pollution threatens people’s health, and farmland and water resources are becoming scarce. With China’s urban population projected to rise to about one billion – or close to 70 percent of the country’s population – by 2030, China’s leaders are seeking a more coordinated urbanization process. Urban China is a joint research report by a team from the World Bank and the Development Research Center of China’s State Council which was established to address the challenges and opportunities of urbanization in China and to help China forge a new model of urbanization. The report takes as its point of departure the conviction that China's urbanization can become more efficient, inclusive, and sustainable. However, it stresses that achieving this vision will require strong support from both government and the markets for policy reforms in a number of area. The report proposes six main areas for reform: first, amending land management institutions to foster more efficient land use, denser cities, modernized agriculture, and more equitable wealth distribution; second, adjusting the hukou household registration system to increase labor mobility and provide urban migrant workers equal access to a common standard of public services; third, placing urban finances on a more sustainable footing while fostering financial discipline among local governments; fourth, improving urban planning to enhance connectivity and encourage scale and agglomeration economies; fifth, reducing environmental pressures through more efficient resource management; and sixth, improving governance at the local level.
