The Impact Of Real Estate Price To Consumption In China

For a long time, people has rather contradictory views in China's real estate market: on the one hand, it is an important component of the national economy and the local government's important sources of finance; On the other hand, it is often related to high profits, speculative bubbles and other negative news. Correspondingly, academia have different opinions to the relations between the real estate market and consumption: some people believe in the wealth effect, and the others don't think so. The problem is the statistical data, no one know it's true or not.And in this background , we take qualitative and quantitative analysis to explore the relations between the house price and consumption. Compare the other papers, we use some different variable, so the result is also different.Finally, this paper give some suggestions to the police maker, and make a outlook to the future's research.