Author : Mr. Kenneth Rogoff
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.4/5 (2 download)
Book Synopsis A Tale of Tier 3 Cities by : Mr. Kenneth Rogoff
Download or read book A Tale of Tier 3 Cities written by Mr. Kenneth Rogoff and published by International Monetary Fund. This book was released on 2022-09-30 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides new estimates of the housing stock, construction rates and price developments by city tier in China in order to understand where imbalances might be concentrated, and the implications of any significant contraction. We also update estimates of the size of China’s rapidly evolving real estate sector through 2021, allowing one to look at the initial impact of COVID-19, as well as extending the analysis to incorporate urban-expansion related infrastructure construction. We argue that China overall faces imbalances between supply and demand for housing stock, but the problem is significantly deeper outside tier 1 cities.