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Exploring the increasing role of the real estate sector in the Chinese economy: 1997-2002

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journal contribution
posted on 2008-01-01, 00:00 authored by Y Li, Y Song, Chunlu LiuChunlu Liu
The Chinese government launched a series of real estate reform policies in 1998, which further changed the real estate sector from socialist plan-oriented to modern marketoriented. This paper compares the role of the real estate sector in the Chinese economy in years 1997 and 2002 by using the recently published input-output OECD database. Results verify that the Chinese real estate sector played an increasing role in the Chinese economy with higher contributions and stronger push and pull power in 2002 than those in 1997. However, compared with other countries, especially for some OECD countries, the Chinese real estate sector has a relative lower contribution.

History

Journal

Pacific Rim Property Research Journal

Volume

14

Issue

3

Pagination

279 - 297

Publisher

Pacific Rim Real Estate Society

Location

Sydney, N.S.W.

ISSN

1444-5921

Publication classification

C1 Refereed article in a scholarly journal

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