An authoritative addition to comparative housing research, adding to knowledge of housing policy in practice in China. It demonstrates how Chinese housing provision and policy differs in important ways from that of the former state socialist regimes in Eastern Europe and from other developing countries with which China is often grouped. The relationships to the Chinese political and social frameworks and the influences of Asian neighbours are outlined and assessed.
This in-depth volume explains China's residential construction boom and reviews how some established trends are likely to challenge its housing market in coming years. It draws on household surveys and public data in China and provides important lessons about housing policy for China and other countries.
This open access book explores new research directions in social inequality and urban segregation. With the goal of fostering an ongoing dialogue between scholars in Europe and China, it brings together an impressive team of international researchers to shed light on the entwined processes of inequality and segregation, and the implications for urban development. Through a rich collection of empirical studies at the city, regional and national levels, the book explores the impact of migration on cities, the related problems of social and spatial segregation, and the ramifications for policy reform. While the literature on both segregation and inequality has traditionally been dominated by European and North American studies, there is growing interest in these issues in the Chinese context. Economic liberalization, rapid industrial restructuring, the enormous growth of cities, and internal migration, have all reshaped the country profoundly. What have we learned from the European and North American experience of segregation and inequality, and what insights can be gleaned to inform the bourgeoning interest in these issues in the Chinese context? How is China different, both in terms of the nature and the consequences of segregation inequality, and what are the implications for future research and policy? Given the continued rise of China’s significance in the world, and its recent declaration of war on poverty, this book offers a timely contribution to scholarship, identifying the core insights to be learned from existing research, and providing important guidance on future directions for policy makers and researchers.
Economic reform in China has resulted in a widening gap between the rich and the poor, and urban poverty has emerged as a key factor which may affect future development. This new book examines the poverty problem in relation to housing and social changes in large inland cities, and assesses the effectiveness of recent government anti-poverty policies. The book also puts the Chinese experience in the wider context of transitional economies and discusses the similarities and differences between China and Central and Eastern European countries. The book is based on a long period of research on Chinese urban development, and benefited from several research projects conducted in Chinese cities. It is an important reference for all of those interested in housing, urban studies and social change, and is a key text for students of the Chinese economy and society.
Home ownership plays a significant role in locating the middle class in most western societies, associated with market, consumerism, democracy and “people like us”, the significant features of the middle class for any society. In China, private home ownership was not the norm from 1949, when the Chinese Communist Party took power, until the 1990s. In the past three decades, however, there has been a fast growing housing consumption and private homeowners have become the most significantly changing aspect of Chinese urban life. In particular, the rise of gated communities has become a predominant feature of the urban landscape. Similar to their western counterparts, the gated communities in China exemplify “high status” symbols with enclosed and restricted residential areas, exclusive community parks and recreational facilities, and professional management and security services. But different from western societies where gated communities usually represent luxurious lifestyles only limited to a small group of people, in urban China gated communities have become one major form of supply in the housing market and one of the most popular and desirable choices for homebuyers. Private home ownership and residency in gated communities, altogether characterize the most significant aspect of comfort living and distinct lifestyles of China’s new middle classes who have successfully got ahead in the socialist market economy. This book examines the formation of “China’s housing middle class”. It develops a theoretical argument about, and provides empirical evidence of the heterogeneity of China’s new middle class, which underlines the relations between the state, market and life chances under a socialist market economy. As such it will be of huge interest to students and scholars of Chinese society, sociology and politics.
This book re-examines the role of urban policy and planning in relation to the housing market in an era of global uncertainty and change. The relationship between planning and the housing market is a contested problem across research, policy, and practice. Problems with housing supply and affordability in many nations have been linked to planning system constraints, while the global financial crisis has raised new questions about the role of urban planning regulation and processes in responding to housing market trends. With reference to international cases from the United Kingdom, the United States, Ireland, Hong Kong and Australia, the book examines how different systems of urban planning and governance address complex and dynamic housing market trends. It also offers practical guidance on how urban planning can support an efficient supply of appropriate and affordable homes in preferred locations. A detailed study, which explains and decodes the workings of the planning system and housing market, this book will be of particular interest to scholars of human geography and urban planning, as well as housing policy makers and practitioners. To view Nicole Gurran’s related TEDx talk please visit: Housing Crisis? How about housing solutions. TEDx Sydney 2018 (http://bit.ly/2psfpMw)
Shortlisted for the Alice Davis Hitchcock Medallion 2021 (The Society of Architectural Historians of Great Britain) "It will become the standard work on the subject." Literary Review This major work provides the first comprehensive history of one of modernism's most defining and controversial architectural legacies: the 20th-century drive to provide 'homes for the people'. Vast programmes of mass housing – high-rise, low-rise, state-funded, and built in the modernist style – became a truly global phenomenon, leaving a legacy which has suffered waves of disillusionment in the West but which is now seeing a dramatic, 21st-century renaissance in the booming, crowded cities of East Asia. Providing a global approach to the history of Modernist mass-housing production, this authoritative study combines architectural history with the broader social, political, cultural aspects of mass housing – particularly the 'mass' politics of power and state-building throughout the 20th century. Exploring the relationship between built form, ideology, and political intervention, it shows how mass housing not only reflected the transnational ideals of the Modernist project, but also became a central legitimizing pillar of nation-states worldwide. In a compelling narrative which likens the spread of mass housing to a 'Hundred Years War' of successive campaigns and retreats, it traces the history around the globe from Europe via the USA, Soviet Union and a network of international outposts, to its ultimate, optimistic resurgence in China and the East – where it asks: Are we facing a new dawn for mass housing, or another 'great housing failure' in the making?
This book offers a comprehensive overview of current housing practices across Asian cities based on facts and trends in the market. For many countries in Asia, the future of housing is now. This future is closely linked to successful theoretical advancement and policy practice in housing studies. This volume brings together twelve chapters divided across four thematic parts that sum up the concept and conditionality of housing in Asian cities. It studies housing through conceptual perspectives and empirical studies to explore established notions, cultures and practices relevant to the 21st-century post-reform context in Asia. Housing and property have long been economic drivers, leading many individual households towards better lives and associated social and community benefits, while also collectively improving the economic base of a city or country. This book examines the nature of the interplay of both state and market in the housing outcomes of these cities. With its extensive geographic coverage across South East Asia, South Asia, and the Far East and a cross section of different income groups, the book will interest reseachers and scholars in urban studies, architecture, development studies, public policy, political studies, sociology, policymakers in local and central governments, housing and planning professionals and commercial firms engaged in property markets or real estate in Asia. It will also provide ideas, tools and good practices for institutional enablement, stakeholders involved in these interventions, private sector organisations and NGOs.
The sharp rise of house prices in China’s Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China’s unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt “ghost cities” greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur.
This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycles in China's Macroeconomy” by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. “Demystifying the Chinese Housing Boom” by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, “External and Public Debt Crises” by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, “Networks and the Macroeconomy: An Empirical Exploration” by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household’s beliefs for understanding economic phenomena. “Expectations and Investment,” by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. “Declining Desire to Work and Downward Trends in Unemployment and Participation” by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s.
