Author: Gibson, Neil

Source: Journal of Contemporary China, Volume 18, Number 58, January 2009 , pp. 175-184(10)

Publisher: Routledge, part of the Taylor & Francis Group

Abstract:

The privatization of urban housing and the subsequent development of a mortgage market have played a major role in the development of China's financial system. This paper explores the history and development of China's urban housing market, its impact on the financial system, and the government's efforts to grapple with new issues that have surfaced alongside these reforms. This paper concludes that although housing privatization has helped strengthen the financial standing of state-owned enterprises, urban residents, and commercial banks alike, systematic weaknesses must be addressed in order to promote sustainable economic growth.

Document Type: Research article

DOI: http://dx.doi.org/10.1080/10670560802431909

Publication date: 2009-01-01

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