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

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

Authors
Jiaxuan Li1, *
1Boston University, Boston, USA
*Corresponding author. Email: 921178554@qq.com
Corresponding Author
Jiaxuan Li
Available Online 26 September 2023.
DOI
10.2991/978-94-6463-246-0_2How to use a DOI?
Keywords
Real Estate; Monetary Policy; COVID-19; Chinese Housing Market
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
26 September 2023
ISBN
10.2991/978-94-6463-246-0_2
ISSN
2352-5428
DOI
10.2991/978-94-6463-246-0_2How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jiaxuan Li
PY  - 2023
DA  - 2023/09/26
TI  - The Impact of the Covid Pandemic on China’s Real Estate Market
BT  - Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)
PB  - Atlantis Press
SP  - 4
EP  - 12
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-246-0_2
DO  - 10.2991/978-94-6463-246-0_2
ID  - Li2023
ER  -