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This book explores the roles of land and housing in the China economic development. The real estate sector in China has two opposite effects on the urban economy. On one hand, it provides funds for urban development and on the other hand, its excessive expansion would depress the urban growth. To balance the two effects, the governments try to adjust their regulation policies dynamically. These policies to a great extent determine the rise and fall of urban economy. This book is divided in to four parts. The first part elaborates the relationship between the real estate sector and urban economy and explains the mechanism of the former s impact on the later. The second part investigates the interaction of the real estate sector and the industrial sector and the consequences. The third part discusses the real estate tax reform and the affordable housing system. At the last part, I discuss the prospect of China real estate economy through the case of Evergrand s debt crisis. The real estate sector is an essential part of China s model of economic development, so this book will interest those readers who want to know the Chinese miracle of growth.
List of contents
Part I: Land And Economic Development.- Chapter 1. The Land Wealth of Urban China.- Chapter 2. Housing Bubble and China s Economic Security.- Chapter 3. How to Treat the Indigestion of China Housing Market?.- Chapter 4. Housing Investment Demand and Urban Sprawl in China: An Analysis Based on Spatial Equilibrium Model.- Part II: Land And Industry.- Chapter 5. The Relocation of Manufacturing When Housing Prices Soaring.- Chapter 6. The Balance between the Real Estate Market and Urban Industry.- Chapter 7. Real Estate Market Regulation and Manufacturing Upgrading.- Chapter 8. Urban Industrial Structure, Housing Patterns, and Land Policy: A General Equilibrium Model.- Part III: Land And Public Sector.- Chapter 9. The Real Estate Taxes Reform in China.- Chapter 10. The Evolution of China s Housing Security System.- Chapter 11. Land Finance and the Dilemma of Affordable Housing Projects.- Part IV: The Prospect.- Chapter 12. The Fall of Evergrande and The Turning Point of China Real Estate Economy.
About the author
Tan Rui is an associate professor at the School of Public Administration, Guangdong University of Foreign Studies, Guangzhou, P. R. C. He was a research fellow at Institute of Public Policy, South China University of Technology, during 2014-2023. He earned his PhD in economics in Sun Yat-Sen University, Guangzhou. His research interest focuses on urban economics, comparative political economics, and industrial policy. He has published some books on these topics, includng
The Model of China Economic Development: from the Perspectives of the History and the World (Hong Kong, 2024),
Industrial Policy in China: Trend and Change (Beijing, 2023), The
Division of Labour among Cities in Guangdong-Hong Kong-Macao Greater Bay Area (Guangzhou, 2023).
