학술논문
China's Policy Adjustments to Promote an Affordable and Stable Housing Market.
Document Type
Article
Author
Source
Subject
*Housing market
*Home prices
*Nonperforming loans
*Home ownership
*Financial crises
Housing policy
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Language
ISSN
1097-1475
Abstract
This article examines China's growth in home prices in order to assess whether the authorities have been able to achieve an affordable and stable housing market. It considers whether the home price declines which have occurred in some regions could trigger a financial crisis and assesses the changing real estate market, reviews policies that have been implemented, identifies potential risk factors, and considers policies based on the experiences of other countries with housing booms and busts. [ABSTRACT FROM AUTHOR]