The Effect of Foreign Investment on the Real Estate Industry in China
Bibliographic Data
| ID | 10860232 |
|---|---|
| Authors | Dianchun Jiang (Nankai University), Jean Jinghan Chen (0009-0009-9607-9342, University of Greenwich, corresponding author), David Isaac (Real Estate Management and Head of Property and Land Management, University of Greenwich, Oakfield Lane, Dartford, DA1 2SZ, UK, ., corresponding author) |
| Year | 1998 |
| Volume | 35 |
| Issue | 11 |
| Pages | 2101-2110 |
| Publication date | 1998-11-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Urban Studies (JOURNAL) |
| Journal identifiers | ISSN: 0042-0980 • E-ISSN: 1360-063X |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1080/0042098984024 |
| OpenAlex | W2153939072 |
| Language | EN |
| Citations received | 16 |
| References cited | 1 |
This paper discusses the development of real estate industry in China in recent years. It argues that Hayek's theory of economic fluctuations can help to explain the contraction of the real estate market in 1994 in China as a whole. However, as a theory of the closed economy, Hayek's theory is found to be no longer robust when applied to cities where there is heavy foreign direct investment, such as Shanghai. We believe that it is the foreign direct investment that is making the real estate industry in Shanghai perform well, despite the government's tight monetary policy and the contraction of the industry in other parts of the country over the same period. The paper also argues that, while most foreign investment in real estate is classified as direct investment, it is very different from 'typical' foreign direct investment except in form and in fact shares most of the characteristics of portfolio investment. Foreign direct investment in real estate reflects the imperfections of China's capital markets
Business · Capitalization rate · China · Economics · Foreign direct investment · Foreign portfolio investment · International economics · Investment (military · Macroeconomics · Market economy · Monetary economics · Open-ended investment company · Political science · Real estate · Real estate investment trust · Return on investment · Corporate Finance and Governance · Finance · Housing Market and Economics · Innovation Diffusion and Forecasting
Urban growth pattern modeling
Beijing’s urbanization reflected in apartment layouts
Spatial Deployment of the Chinese Property Market (2010–2016)
Real Estate FDI in Chinese Cities
Pathways to a World City
Globalization, Place Promotion and Urban Development in Shanghai
Land policy reform in China
The rise of “foreign gated communities” in Beijing
Transnational urban spaces and urban environmental reforms
Foreign direct investment in China's real estate market
Urban Land and Housing Markets in the Punjab, Pakistan
Evaluating restrictive measures containing housing prices in China
Foreign liquidity to real estate market
The Age of Environmental Impasse? Globalization and Enviromental Transformation of Metropolitan Cities
Housing Provision under Globalisation
Transnational Migration and the Nationalization of Ethnic Identity among Japanese Brazilian Return Migrants
| Citations per year | 0.59 |
|---|---|
| Citation span | 1999 - 2025 (27) |
| Highly cited | No |