The Study Of Real-estate Bubble In China

With the deepening of the reform of housing system and the accelerating of the urbanization process, the industry of real estate in China has been developing rapidly in recent years. However all the people focus on the problem about whether the price of real estate is rational and economic bubble exists in the market or not.Firstly, the author gives the definition of real estate bubble, and introduces the domestic and overseas scholars' research on causes of the foam formation. According to these analyses, the author analyzes mechanism of shaping, developing and breach of the bubble and harms of real estate bubble.Secondly, the author analyzes the developing history of Chinese real estate and studies the good effects of real estate in the development of Chinese Economy and the mutual relations for the real estate industry and Chinese Economy. The thesis introduces arguments about real estate bubble.Thirdly, the author gives the summary of how previous researches to measure the existence and the extent of real estate bubble, including theoretic prices and statistical indexes. We, at the same time, also look at if these methods are really reasonable to measure the bubble. In the thesis, the author chooses the index from production, consumption, finance, and structures a theory frame to analyze the precaution problem of the real estate bubbles.Finally, in the end of this thesis, the author put forward some measures to cool down the estate economy.