Housing Trends in China and India

Patrick D’Arcy and Alexandra Veroude
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Patrick D’Arcy: Reserve Bank of Australia
Alexandra Veroude: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2014, 63-68

Abstract: Residential construction has made an important contribution to China's economic growth over recent decades. Given China's large population and the extensive use of steel in its urban residential development, this investment has also been an important driver of growing demand for Australia's exports of iron ore and coking coal. India's population is of a comparable size to that of China. However, despite its faster population growth, India's slower pace of urbanisation and less intensive use of steel in its housing construction has meant that housing activity in India has not been a major source of demand for iron ore and coal. This article explores the trends in the main factors that influence the amount and nature of investment in housing in China and India, and assesses the long-term outlook for residential construction in these two economies.

Keywords: China; India; housing; residential construction; steel; urbanisation; infrastructure (search for similar items in EconPapers)
Date: 2014
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