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Housing Trends in China and India

Author

Listed:
  • Patrick D’Arcy

    (Reserve Bank of Australia)

  • Alexandra Veroude

    (Reserve Bank of Australia)

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.

Suggested Citation

  • Patrick D’Arcy & Alexandra Veroude, 2014. "Housing Trends in China and India," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 63-68, March.
    • Handle: RePEc:rba:rbabul:mar2014-07
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2014/mar/pdf/bu-0314-7.pdf
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    References listed on IDEAS

    as
    1. Panagariya, Arvind, 2011. "India: The Emerging Giant," OUP Catalogue, Oxford University Press, number 9780199751563.
    2. Leon Berkelmans & Hao Wang, 2012. "Chinese Urban Residential Construction to 2040," RBA Research Discussion Papers rdp2012-04, Reserve Bank of Australia.
    3. Leon Berkelmans & Hao Wang, 2012. "Chinese Urban Residential Construction," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 21-26, September.
    Full references (including those not matched with items on IDEAS)

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