So Chinese real estate market just kept ramping up, until 2020, when the central gov drew the 3 red lines, on the debt of developers. This was the turning point and as a Chinese, we are all familiar with the story after that. China's real estate crisis, explained : Planet Money By ...
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“Only Japan had a higher ratio before the crash of the Japanese property bubble in 1991,” he toldFA, noting that around the time of the Global Financial Crisis (GFC) in 2007-8, the US property market accounted for 140% of domestic GDP before its subsequent crash. “A difficult landing...
Time for the West to change mind-set and actions in light of prominent global climate crisis The West should reflect on its hypocrisy and double standards regarding environmental issues, stop backpedaling on climate matters, and start contributing to a green future for all humanity. By Global Ti...
China accelerates green transition amid global energy crisis In a move toward a sustainable future, China has launched guidelines to accelerate the green transition across all areas of economic and social development. This plan aligns with global efforts to address climate change, as highlighted in ...
6 China's global strategies are systematically altering its domestic legal pathways. The Article advances this argument through a case study of an increasingly prominent trend in China's judicial reform agenda: the rapid construction of specialized courts in areas like finance, intellectual property, ...
This was followed by a series of regulations being implemented on the sector between 2005 and 2013, except in 2008, during which the nation was affected by global financial crisis and the real estate market slumped. Between 2003 and 2013, the property market was experiencing a golden age, ...
(Feng et al.2006). They are concentrated in the peri-urban area, which is viewed as a potential crisis point that could jeopardize social and economic development (Wu,2008b). According to research, RUMs living in urban China have lower life satisfaction levels (Cai and Wang,2018) and an ...
In a word, uncertainty. Few business leaders have experienced this level of change before and it's taking place at a time of tremendous disruption—the Russia-Ukraine war, the energy crisis, geopolitical tensions, rapidly changing technologies, supply shortages, and the lingering effects of the ...
We also included four property attributes in the model: purchase price, use of private lending, year of purchase, and location. To make purchase price comparable over time, we divided it by the ratio of the consumer price index (CPI) of the acquisition year to the CPI of the base year ...