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The Impact of Chinese Property Contraction and Policy Reform on Global Economic Growth

In: Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)

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  • Haixia Li

    (Renmin University of China)

Abstract

The impact of China’s real estate contraction and policy reform on global economic growth is a complex issue. The real estate industry plays an important role in China’s economy, which is interconnected with construction, finance and related industries, and has an important impact on China’s economic growth and employment. Globally, China’s housing contraction and policy reforms could have some impact on global growth. China is one of the world’s largest consumer goods markets, and changes in the real estate market could have an impact on international demand for goods. At the same time, other factors such as trade disputes and the geopolitical situation will also have an impact on global economic growth, making it difficult to separate the impact of Chinese real estate alone. Therefore, for the impact of China’s real estate contraction and policy reform on global economic growth, it is necessary to comprehensively consider China’s domestic economic adjustment and policy direction, as well as the overall situation of the global economy and other relevant factors.

Suggested Citation

  • Haixia Li, 2024. "The Impact of Chinese Property Contraction and Policy Reform on Global Economic Growth," Advances in Economics, Business and Management Research, in: Feng-xia Cao & Satya Narayan Singh & Ahmad Jusoh & Deepanjali Mishra (ed.), Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), pages 606-613, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-368-9_72
    DOI: 10.2991/978-94-6463-368-9_72
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