| ID | 085971 |
| Title Proper | Privatization of urban housing in China and its contribution to financial system development |
| Language | ENG |
| Author | Gibson, Neil |
| Publication | 2009. |
| Summary / Abstract (Note) | 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. |
| `In' analytical Note | Journal of Contemporary China Vol. 18, No. 58; Jan 2009:p175-184 |
| Journal Source | Journal of Contemporary China Vol. 18, No. 58; Jan 2009:p175-184 |
| Key Words | Privatization of Urban Housing - China ; Financial System Development ; Mortgage Market ; Sustainable Economic Growth. |