Tax-sharing system between the central and local governments in China.
- https://www.encyclopedia.com/international/applied-and-socia...
Land ownership in China.
- https://www.lehmanlaw.com/resource-centre/laws-and-regulatio...
Government's reliance on land sales over the years.
- https://www.piie.com/research/piie-charts/local-governments-...
Local governments' debts related to housing.
- https://en.wikipedia.org/wiki/Local_government_financing_veh...
- https://www.reuters.com/world/china/debt-laden-local-governm...
Limited banks' lending to developers.
- https://therealdeal.com/national/2021/01/03/china-limits-pro...
Housing price to income, one indicator among many on housing affordability.
- https://www.numbeo.com/property-investment/rankings_by_count...
Vacancy info
- https://www.hindawi.com/journals/complexity/2020/5104578/
- https://www.bloomberg.com/news/articles/2023-08-16/china-s-h...
- https://www.nber.org/system/files/working_papers/w25297/w252...
Housing glut
- https://realmoney.thestreet.com/investing/global-equity/ever...
- https://www.nytimes.com/2021/10/12/business/evergrande-homeb...
Real estate developers ran out of money.
- https://www.cnn.com/2021/12/09/investing/evergrande-default-...
- https://www.cnn.com/2021/09/24/investing/china-evergrande-gr...
- https://www.theguardian.com/world/2023/aug/18/china-property...
- https://www.cnn.com/2022/07/04/economy/chinese-developer-shi...
- https://www.cnbc.com/2021/10/18/china-property-defaults-risk...
Developer owes unpaid taxes
- https://www.gnewswire.org/en/2023/08/20/chinese-real-estate-...
Governments banning on price drop on home sales. Developers fined. (Run them through Google Translate.)
- https://www.guancha.cn/ChanJing/2021_09_19_607837_s.shtml
- https://finance.sina.com.cn/wm/2023-05-09/doc-imytcwre876472...
- https://new.qq.com/rain/a/20230507A04S7S00
Shadow banks and investment trusts defaulting
- https://www.cnn.com/2023/08/18/economy/china-zhongrong-trust...
- https://www.reuters.com/business/finance/china-trust-deficit...
Share of housing sector in GDP.
- https://scholar.harvard.edu/files/rogoff/files/the_size_of_c...
- https://scholar.harvard.edu/files/rogoff/files/nber_27697_pe...
Large household wealth tied up in home value
- https://fortune.com/2021/12/02/chinese-real-estate-investing...
Homeowners stopped paying their mortgages
- https://www.bbc.com/news/world-asia-china-62402961
- https://www.cnn.com/2022/07/14/economy/china-property-crisis...
Government running out of money.
- https://www.hindustantimes.com/world-news/chinese-premier-li...
Government cutting salaries, pension, and services.
- https://www.visiontimes.com/2022/02/02/shenzhen-civil-servan...
- https://www.republicworld.com/world-news/china/china-slashes...
- https://www.aljazeera.com/economy/2023/5/11/chinas-cash-stra...
- https://thehongkongpost.com/2022/02/01/china-asked-governmen...
- https://www.cnn.com/2023/03/31/economy/china-pension-protest...
- https://www.nytimes.com/2023/02/15/business/wuhan-china-prot...
Tax-sharing system between the central and local governments in China.
- https://www.encyclopedia.com/international/applied-and-socia...
Land ownership in China.
- https://www.lehmanlaw.com/resource-centre/laws-and-regulatio...
Government's reliance on land sales over the years.
- https://www.piie.com/research/piie-charts/local-governments-...
Local governments' debts related to housing.
- https://en.wikipedia.org/wiki/Local_government_financing_veh...
- https://www.reuters.com/world/china/debt-laden-local-governm...
Limited banks' lending to developers.
- https://therealdeal.com/national/2021/01/03/china-limits-pro...
Housing price to income, one indicator among many on housing affordability.
- https://www.numbeo.com/property-investment/rankings_by_count...
Vacancy info
- https://www.hindawi.com/journals/complexity/2020/5104578/
- https://www.bloomberg.com/news/articles/2023-08-16/china-s-h...
- https://www.nber.org/system/files/working_papers/w25297/w252...
Housing glut
- https://realmoney.thestreet.com/investing/global-equity/ever...
- https://www.nytimes.com/2021/10/12/business/evergrande-homeb...
Real estate developers ran out of money.
- https://www.cnn.com/2021/12/09/investing/evergrande-default-...
- https://www.cnn.com/2021/09/24/investing/china-evergrande-gr...
- https://www.theguardian.com/world/2023/aug/18/china-property...
- https://www.cnn.com/2022/07/04/economy/chinese-developer-shi...
- https://www.cnbc.com/2021/10/18/china-property-defaults-risk...
Developer owes unpaid taxes
- https://www.gnewswire.org/en/2023/08/20/chinese-real-estate-...
Governments banning on price drop on home sales. Developers fined. (Run them through Google Translate.)
- https://www.guancha.cn/ChanJing/2021_09_19_607837_s.shtml
- https://finance.sina.com.cn/wm/2023-05-09/doc-imytcwre876472...
- https://new.qq.com/rain/a/20230507A04S7S00
Shadow banks and investment trusts defaulting
- https://www.cnn.com/2023/08/18/economy/china-zhongrong-trust...
- https://www.reuters.com/business/finance/china-trust-deficit...
Share of housing sector in GDP.
- https://scholar.harvard.edu/files/rogoff/files/the_size_of_c...
- https://scholar.harvard.edu/files/rogoff/files/nber_27697_pe...
Large household wealth tied up in home value
- https://fortune.com/2021/12/02/chinese-real-estate-investing...
Homeowners stopped paying their mortgages
- https://www.bbc.com/news/world-asia-china-62402961
- https://www.cnn.com/2022/07/14/economy/china-property-crisis...
Government running out of money.
- https://www.hindustantimes.com/world-news/chinese-premier-li...
Government cutting salaries, pension, and services.
- https://www.visiontimes.com/2022/02/02/shenzhen-civil-servan...
- https://www.republicworld.com/world-news/china/china-slashes...
- https://www.aljazeera.com/economy/2023/5/11/chinas-cash-stra...
- https://thehongkongpost.com/2022/02/01/china-asked-governmen...
- https://www.cnn.com/2023/03/31/economy/china-pension-protest...
- https://www.nytimes.com/2023/02/15/business/wuhan-china-prot...