Real estate supports rapid development of China's urbanization

Zhaoyang Cai, Qing Liu and Shixiong Cao

Land Use Policy, 2020, vol. 95, issue C

Abstract: Urbanization is an important engine of modernization and economic growth, and appears to be an inevitable trend in human socioeconomic development around the world. However, China’s unusually rapid urbanization rate has attracted increasing attention. Our research suggests that understanding the country’s real estate market is the key to understanding the country’s rapid urbanization. The booming real estate market represents a major source of funding for urban infrastructure construction, and has accelerated the migration of rural residents to cities. We describe how four typical Chinese cities supported urbanization by promoting the development of different aspects of a real estate market to illustrate real estate’s role in Chinese urbanization, thereby providing examples and cautions for urbanization both in China and in other parts of the developing world.

Keywords: Urbanization; Real estate; Funding; Infrastructure construction; Land finance (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264837719313444
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:lauspo:v:95:y:2020:i:c:s0264837719313444

DOI: 10.1016/j.landusepol.2020.104582

Access Statistics for this article

Land Use Policy is currently edited by Jaap Zevenbergen

More articles in Land Use Policy from Elsevier
Bibliographic data for series maintained by Joice Jiang ().