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Real estate supports rapid development of China's urbanization

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  • Cai, Zhaoyang
  • Liu, Qing
  • Cao, Shixiong

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.

Suggested Citation

  • Cai, Zhaoyang & Liu, Qing & Cao, Shixiong, 2020. "Real estate supports rapid development of China's urbanization," Land Use Policy, Elsevier, vol. 95(C).
    • Handle: RePEc:eee:lauspo:v:95:y:2020:i:c:s0264837719313444
    DOI: 10.1016/j.landusepol.2020.104582
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    References listed on IDEAS

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    1. Jiahong Guo & Zhongqi Yu & Zihao Ma & Duanyang Xu & Shixiong Cao, 2022. "What factors have driven urbanization in China?," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(5), pages 6508-6526, May.
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    4. Veli Yilanci & Recep Ulucak & Yaoqi Zhang & Valeria Andreoni, 2023. "The role of affluence, urbanization, and human capital for sustainable forest management in China: Robust findings from a new method of Fourier cointegration," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 812-824, April.
    5. Bo Li & Rita Yi Man Li & Thitinant Wareewanich, 2021. "Factors Influencing Large Real Estate Companies’ Competitiveness: A Sustainable Development Perspective," Land, MDPI, vol. 10(11), pages 1-20, November.
    6. Shixian Luo & Jing Xie & Katsunori Furuya, 2021. "“We Need such a Space”: Residents’ Motives for Visiting Urban Green Spaces during the COVID-19 Pandemic," Sustainability, MDPI, vol. 13(12), pages 1-18, June.
    7. Ebenezer Fiifi Emire Atta Mills & Siegfried Anyomi & Mavis Agyapomah Baafi & Prasad Siba Borah, 2022. "A dynamic SBM‐DEA and portfolio formation test approach to the operating efficiency‐stock returns nexus," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(7), pages 3095-3106, October.
    8. Thng Peck-Ern Casandra & Wei-Theng Lau, 2023. "Corporate Leverage Decisions in Malaysian Property Sector: Before and During Pandemic," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(12), pages 1719-1733, December.
    9. Jingtao Wang & Haibin Liu & Hao Liu & Hui Huang, 2021. "Spatiotemporal Evolution of Multiscale Urbanization Level in the Beijing-Tianjin-Hebei Region Using the Integration of DMSP/OLS and NPP/VIIRS Night Light Datasets," Sustainability, MDPI, vol. 13(4), pages 1-28, February.
    10. Ao, Yibin & Zhang, Yuting & Wang, Yan & Chen, Yunfeng & Yang, Linchuan, 2020. "Influences of rural built environment on travel mode choice of rural residents: The case of rural Sichuan," Journal of Transport Geography, Elsevier, vol. 85(C).
    11. Tianbao Zhou & Zhixin Liu & Yingying Xu, 2024. "Characterizing Public Debt Cycles: Don't Ignore the Impact of Financial Cycles," Papers 2404.17412, arXiv.org.
    12. Xiaodong Yang & Weilong Wang & Xufeng Su & Siyu Ren & Qiying Ran & Jianlong Wang & Jianhong Cao, 2023. "Analysis of the influence of land finance on haze pollution: An empirical study based on 269 prefecture‐level cities in China," Growth and Change, Wiley Blackwell, vol. 54(1), pages 101-134, March.
    13. Han, Yang & Zhang, Haotian & Zhao, Yong, 2021. "Structural evolution of real estate industry in China: 2002-2017," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 45-56.

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