| Under the tendency of economic integration, International capital circulates at an ever-increasing speed. Along with the rapid development of Chinese economy and expectancy of RMB's appreciation, the international capital massively inflows into China in both legal and illegal ways. In the light of international experiences, the massive turnover of the international capital can not only exert tremendous influence on a country's economy, but also can induce financial crisis. In the countries which have finance crisis, the international capital turnover not only made a great contribution to the real estate price foam, but acted the role of the last straw of the disillusion for real estate price bubble. There is no doubt that the international capital flow serves as a factor Causing changes to real estate price.The primary objective of my paper is to specifically discuss the way how international capital inflow influences Chinese real estate price under the currency supply and examine the influence of international capital movement to the real estate price by applying econometrical tools.In addition to study the influence of international capital inflow on the real estate price, the paper is concentrating on analyzing the influence under the currency supply. Moreover, I embark the task of analyzing the present situation of the inflow of international capital into China on the balance of payment. The final part of the paper is focusing on the examination of influence of international capital movement to the real estate price by co-integration Regression. |
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