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Chinese Real Estate Market Performance

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  • Richard C. K. Burdekin
  • Ran Tao

Abstract

The 2009 surge in bank lending in China was accompanied by allegations that substantial funds had been funneled into the nation's stock and property markets. Using data from 1999 to 2011, possible linkages between lending activity, real estate prices, stock prices, and inflation are examined. We find empirical support for the claim that housing prices responded to increases in liquidity and lending rates, along with evidence of codetermination of stock prices and housing prices. House price inflation also appears to consistently affect the overall inflation rate in China, based on both causality testing and VAR estimation.

Suggested Citation

  • Richard C. K. Burdekin & Ran Tao, 2014. "Chinese Real Estate Market Performance," Chinese Economy, Taylor & Francis Journals, vol. 47(2), pages 5-26, March.
    • Handle: RePEc:mes:chinec:v:47:y:2014:i:2:p:5-26
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    Cited by:

    1. Burdekin, Richard C.K. & Weidenmier, Marc D., 2015. "Assessing the impact of the Chinese stimulus package at home and abroad: A damp squib?," China Economic Review, Elsevier, vol. 33(C), pages 137-162.
    2. Rita Yi Man Li & Herru Ching Yu Li, 2018. "Have Housing Prices Gone with the Smelly Wind? Big Data Analysis on Landfill in Hong Kong," Sustainability, MDPI, vol. 10(2), pages 1-19, January.
    3. Wanying Lu & Jianfu Shen, 2022. "Urban Leverage and Housing Price in China," JRFM, MDPI, vol. 15(2), pages 1-12, February.
    4. Su, Chi-Wei & Wang, Xiao-Qing & Tao, Ran & Chang, Hsu-Ling, 2019. "Does money supply drive housing prices in China?," International Review of Economics & Finance, Elsevier, vol. 60(C), pages 85-94.

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