Michael, Bryane; Zhao, Simon Xiaobin - Lincoln Institute of Land Policy - 2016
How far do China’s property prices need to drop in order to send the country into a recession? What does this question …/investment, local government and equities sectors interact. We find that Bubble Economies' GDP growth can depend on property prices … explain how economies (mis)allocate resources during bubbles. A 15%-20% property price drop could cause recession, if China …