The Impact of Chinese Property Contraction and Policy Reform on Global Economic Growth

Haixia Li
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Haixia Li: Renmin University of China

A chapter in Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), 2024, pp 606-613 from Springer

Abstract: Abstract The impact of China’s real estate contraction and policy reform on global economic growth is a complex issue. The real estate industry plays an important role in China’s economy, which is interconnected with construction, finance and related industries, and has an important impact on China’s economic growth and employment. Globally, China’s housing contraction and policy reforms could have some impact on global growth. China is one of the world’s largest consumer goods markets, and changes in the real estate market could have an impact on international demand for goods. At the same time, other factors such as trade disputes and the geopolitical situation will also have an impact on global economic growth, making it difficult to separate the impact of Chinese real estate alone. Therefore, for the impact of China’s real estate contraction and policy reform on global economic growth, it is necessary to comprehensively consider China’s domestic economic adjustment and policy direction, as well as the overall situation of the global economy and other relevant factors.

Keywords: China; real estate contraction; policy reform; global economic growth (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-368-9_72

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