The Real Estate of China under the Global Financial Crisis

Since the subprime mortgage crisis in 2007, the Chinese economic is falling into a disappointing season and also its real estate market has already shown a depressing situation. In order to expand the domestic demand, ten pieces of plan was announced by the government on November 11th 2008. It presents the restructure of the macro-economic policy and at the same time, the real estate policy is just in the core position, which is dominant of the whole economic situation. In this paper, the roots of financial crisis are simply analyzed firstly, and then it shows the operation and development of the real estate market in China. By describing the present situation, it puts forward some corresponding policy to prevent the real estate bubble and some other possible financial risks, which could make the real estate industry maintain a sustained, rapid and sound development.