Addressing Increasing Housing Prices in China

Annotated Bibliography: Addressing Increasing Housing Prices in China
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EDMG 611
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Date
Zhang, Z. (2021, March). Analysis on the Influencing Factors and Causes of China’s High Housing Prices. In 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021) (pp. 254-258). Atlantis Press.
In this article, the author acknowledges that high housing prices are a significant challenge facing China’s cities. Ordinary families cannot afford a house, a move that has triggered dissatisfaction among ordinary citizens. The author indicates that the government has stepped in and adopted different control measures to stabilize the prices, but such efforts have done little to address the problem. The article proposes establishing and improving real estate laws, establishing a multilevel housing security system, and strengthening the government’s real estate market control. The author believes that implementing these measures will enable the country to reduce housing prices.
Li, N., Li, R. Y. M., & Nuttapong, J. (2022). Factors affect the housing prices in China: a systematic review of papers indexed in Chinese Science Citation Database. Property Management.
In this article, the authors explore the factors that affect housing prices according to the Chinese Science Citation Database (CSCD) articles. The researchers systematically review the articles that affect the housing prices in the country. They collected the data and utilized descriptive analysis techniques and synthesis for materials published from 2015 to 2020. The findings demonstrated the importance of macroeconomic regulation and control. Other articles also indicated the need for the two-child policy. The paper has various social implications. Firstly, the real estate enterprise in China needs to understand the housing sector's problems. Secondly, the article enables the public to understand real estate better. Consequently, the paper is critical in revealing the elements of house price expenses, allowing individuals to understand how to address the issue.
Chen, Z., & Wang, C. (2021). Effects of intervention policies on speculation in housing market: Evidence from China. Journal of Management Science and Engineering.
The paper delves into increasing housing prices to identify solutions to the problem. The authors indicate that real estate in China is subject to government intervention. However, speculation has been critical in driving the prices upward. The authors demonstrate the need to ensure that speculation does not drive the prices upwards. The authors identify two major types of speculative traders; fundamentalists and chartists. The paper further assesses the effects of government intervention policies on the issue. The authors indicate the need to tighten...