Publisher's Synopsis
Cooling China's Housing Bubble: Policies for Sustainable Growth, a substantive study funded by the China Fiscal and Financial Policy Research Institute of the Renmin University of China, tackles the knotty problem of housing market development from a policy perspective. In China, policymakers have been grappling with the dilemma between escalating home prices, which have fed fears of a housing bubble burst, and the possible economy-dampening consequences of regulatory measures. This raises the question that prompted the current study: How can China achieve a soft landing for its property market? Referencing economic theories and models, contributors of Cooling China's Housing Bubble: Policies for Sustainable Growth come up with a fair mechanism for determining China’s equilibrium home price and examine the risk of housing bubbles in the country. They then evaluate past and current financial, land, and housing policies, including the recent home-purchase restrictions which have effected a temporary drop in property investments, in terms of their effects on home prices, while giving suggestions on policies for sustainable growth in the property market.
