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The Impact of the Covid Pandemic on China’s Real Estate Market

In: Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)

Author

Listed:
  • Jiaxuan Li

    (Boston University)

Abstract

With the outburst of pandemic, the global economy is under influence, especially China’s economy with its strict pandemic policies. An important section, real estate section, is impacted significantly. China’s real estate market holds a paramount role in China’s economy with its multiple utilities and contributes to the economy significantly. Analyzing to the data from National Bureau of Statistics of China, the correlation of pandemic and the real estate market slowdown is established. With the investigation of different reports, data, and policies, how the strict quarantines policies in different periods affects the real estate market by building up leverage issues among companies, compromising real estate construction and national productivity, and decreasing demands is shown. This research demonstrates the clear relationship between recession in both China’s real market and whole economy with its Covid-zero policy and Covid-19 pandemic. It suggests the need for new monetary and fiscal policies and strategies to invigorate the real estate market and whole economy growth.

Suggested Citation

  • Jiaxuan Li, 2024. "The Impact of the Covid Pandemic on China’s Real Estate Market," Advances in Economics, Business and Management Research, in: Shehnaz Tehseen & Mohd Naseem Niaz Ahmad & Rafia Afroz (ed.), Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023), pages 4-12, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-246-0_2
    DOI: 10.2991/978-94-6463-246-0_2
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