Analysis on China's Real Estate Economy Based on Big Data

Weiwei Liu,J Li,K Chen,J Wu

doi:10.1051/e3sconf/202125302058

Abstract

Over the past 40 years of China's reform and opening -up, the Chinese society and national economy have been booming. The real estate economy as a pillar industry of the national economy has achieved rapid growth. However, the U.S. subprime mortgage crisis in 2007, COVID-19 and the intensifying China-US trade war in 2020 have repeatedly raged, like the "Three Sword of Damocles" hurting Chinese economy. Based on rencent 10 years data collection, the paper analyzes the trend of real estate prices and puts forward countermeasures from many aspects to achieve to stabilize the housing market, economic and social situation.

Highlights

Forty years after China's reform and opening up, the real estate economy as a pillar industry of the national economy has development rapidly.[1]With the existence of the estate bubble in recent years, China's estate economy has entered the stage of "Houses are used to live in, not to be used for speculation." The introduction of relevant government measures has effectively curbed the soaring housing prices
The domestic and foreign situation that China faces had a new change. The emergence of these new changes will inevitably have a profound impact on the future real estate economy
The development enterprise can cooperate with the local real estate administrative authorities, compensate for the Strong and effective administration is the usual way the Chinese government controls the market

Summary

INTRODUCTION

Forty years after China's reform and opening up, the real estate economy as a pillar industry of the national economy has development rapidly.[1]With the existence of the estate bubble in recent years, China's estate economy has entered the stage of "Houses are used to live in, not to be used for speculation." The introduction of relevant government measures has effectively curbed the soaring housing prices. The domestic and foreign situation that China faces had a new change. The emergence of these new changes will inevitably have a profound impact on the future real estate economy

ANALYSIS

Conclusion