ID | 161866 |
Title Proper | China and international housing price growth |
Language | ENG |
Author | Chang, Yuk Ying |
Summary / Abstract (Note) | We document Chinese effects on international residential property price growth. We show that faster growth of the housing prices is associated with larger declines in recent past growth of China's GDP, larger increases in China's savings rate, or stronger rise in China's risks. These results are consistent with the notion of Chinese investing in overseas property markets when faced with less promising investment opportunities at home and when they have the means to invest offshore. These effects are stronger for countries where English is the primary spoken language, with better tertiary education quality, and that exhibit lower correlations between local property market price growth and China's interest rate. |
`In' analytical Note | China Economic Review Vol. 50; Aug 2018: p.294-312 |
Journal Source | China Economic Review 2018-07 50 |
Key Words | China ; Risk ; International Housing Prices ; Overseas Opportunities ; Investible Funds ; EnglishEducation |