The definition of pillar industry is stated and its indicators, including the proportion of added value in the GDP, the degree of industry correlation, the income elasticity of demand, and the growth rate of employmen...The definition of pillar industry is stated and its indicators, including the proportion of added value in the GDP, the degree of industry correlation, the income elasticity of demand, and the growth rate of employment will be discussed. And then index weighing is determined based on the degree of importance. The result of the quantitative analysis of real estate industry in Chongqing suggests that its first three evaluating indicators live up to the index requirement of a pillar industry while its degree of industry correlation is not satisfactory. An overall evaluation indicates that the real estate industry in Chongqing meets the requirements of pillar industry.展开更多
Based on some basic principles of self-organization theory including dissipation structure and synergy,the author analyzes the condition,dynamic and evolving route of the self-organization evolution of the real estate...Based on some basic principles of self-organization theory including dissipation structure and synergy,the author analyzes the condition,dynamic and evolving route of the self-organization evolution of the real estate industry,and builds synergetic evolution model,calculates out the order parameter of the real estate industry. The paper supplies new methods and tools for further research of real estate industry and contributes to reference of the government for its direction of macro-control.展开更多
This paper discusses whether target costing (TC) is affected by the impacts of external circumstances and appears dynamic in real estate development industry. A case study was conducted and combined with literature ...This paper discusses whether target costing (TC) is affected by the impacts of external circumstances and appears dynamic in real estate development industry. A case study was conducted and combined with literature reviews to test this proposition. The results of this paper show that the formula appears dynamic on the impacts of economic depression/recession, inflation, and change of governmental policy to assist the firms in the achievement of planned profits. TC, as a strategic profit management system in the industry, exhibits brisk utilization in a dynamic formula with more of a focus on value added to maintain fixed profits. It is different from the focus on cost reduction by a static formula in previous literatures.展开更多
Real estate has been one of the fastest growing sectors in China since its opening to the outside world. The sustained, steady growth of the national economy has provided favourable conditions for the rapid growth of ...Real estate has been one of the fastest growing sectors in China since its opening to the outside world. The sustained, steady growth of the national economy has provided favourable conditions for the rapid growth of the real estate industry, and the higher profits anticipated have attracted a large volume of overseas capital into the industry. Various real estate companies have flourished, and a number of luxury hotels, villas and holiday展开更多
In recent years,due to the rapid development of the real estate industry in China,land speculation has begun in addition to the significant growth in economy.However,this rapid development has led to an extreme rise i...In recent years,due to the rapid development of the real estate industry in China,land speculation has begun in addition to the significant growth in economy.However,this rapid development has led to an extreme rise in housing prices,largely owing to high property tax.This article analyzed the impact of property tax on the development of real estate industry and provided countermeasures.展开更多
The real estate industry is a capital-intensive industry and capital has become a particular concern for real estate enterprises.For a long time,China’s real estate enterprises rely on high-leverage development and c...The real estate industry is a capital-intensive industry and capital has become a particular concern for real estate enterprises.For a long time,China’s real estate enterprises rely on high-leverage development and carry out high-debt and high-risk operations.The solvency of real estate enterprises has been the focus of stakeholders’attention.In August 2020,China’s regulatory authorities introduced new financing regulations for real estate enterprises.They set up“three red lines,”which brought real estate enterprises’solvency into focus once again.This article takes A-share listed companies in China’s real estate industry as an example,analyzes and evaluates its debt solvency,and gives suggestions based on new policies and regulations,hoping to provide specific references to the enterpriser’s manager and external decision-makers.展开更多
Based on the current development of industrial real estate of Jiangxi Province, comprehensive analysis was conducted to 6 aspects using the idea of diamond model, namely, factor conditions, demand conditions, related ...Based on the current development of industrial real estate of Jiangxi Province, comprehensive analysis was conducted to 6 aspects using the idea of diamond model, namely, factor conditions, demand conditions, related and supporting industries, firm strategy, structure and rivalry, government and chance through the comparison with the other industrial real estates and analysis on horizontal competition in China. Development countermeasures were investigated to improve the competitiveness of the industrial real estate in Guangxi, putting forward the strategies of developing the role of government and business, seizing the opportunities of the times, city-industry integration development, implementation of industrial integration and integration of city development, the implementation of industrial integration and investment planning.展开更多
Great changes have taken place in China's real estate market during the 12th Five-year Plan period. The real estate market has shifted from being undersupplied to having an equilibrium of supply and demand with regio...Great changes have taken place in China's real estate market during the 12th Five-year Plan period. The real estate market has shifted from being undersupplied to having an equilibrium of supply and demand with regional oversupply. Real estate risks in some cities have begun to emerge, but overall real estate risks remain controllable. Given the major changes taking place in the supply and demand of China's real estate market and the current stage of its development, it is projected that China's real estate investment growth will continue to slow down during the 13th Five-year Plan period and pressures on the renovation of inventory housing will intensify. According to the changes in the development of China's current real estate market, the objectives of real estate development will be adjusted to put a higher premium on the development level, the quality of real estate development, and the improvement of housing conditions. Reform and policy adjustments should be carried out to effectively prevent real estate market risks and to achieve stable operations inside the real estate market itself.展开更多
With the further deepening of the reform of the economic system, China’sreal estate industry has been rapidly developing in recent years and is gradually becomingone of the major industries in China’s national econo...With the further deepening of the reform of the economic system, China’sreal estate industry has been rapidly developing in recent years and is gradually becomingone of the major industries in China’s national economy. The author from seven aspectssummarises the reform and development of China’s real estate industry in the recent展开更多
Based on China’s real estate investment(REI), commercial housing sales(CHS), and GDP data from 2001 to 2020, we studied the dependence, asymmetry, and transmission direction of China’s real estate and economy. Their...Based on China’s real estate investment(REI), commercial housing sales(CHS), and GDP data from 2001 to 2020, we studied the dependence, asymmetry, and transmission direction of China’s real estate and economy. Their cross-correlation is demonstrated through the deep crosscorrelation analysis(DCCA) algorithm, multifractal asymmetric detrended cross-correlation analysis(MF-ADCCA) algorithm and DCCA algorithm based on a time delay. Both REI and CHS have persistence with GDP. The real estate industry and economy have asymmetric multifractal characteristics.Meanwhile, real estate and the economy have different trends, and they can affect each other with the same length of time delay. This effect diminishes in a short period of time, and there are unsteady fluctuations in cross-correlation persistence in the long term.展开更多
When the real estate industry begins torevive and develop in China,many urgentproblems on policies confront us today,Iwould like to offer some general remarks byway of introduction to prompt others comeup with valuabl...When the real estate industry begins torevive and develop in China,many urgentproblems on policies confront us today,Iwould like to offer some general remarks byway of introduction to prompt others comeup with valuable opinions.展开更多
I. The Current Situation ofOur Real Estate Industry According to the findings of a nationalsurvey in urban housing conducted in 1985,the total urban floor area of the whole coun-try has reached 4.676 billion square me...I. The Current Situation ofOur Real Estate Industry According to the findings of a nationalsurvey in urban housing conducted in 1985,the total urban floor area of the whole coun-try has reached 4.676 billion square meters,among which industrial buildings occupied1.353 billion square meters, commercialbuildings 0.388 billion, cultural and educa-展开更多
The sky-high house prices are nothing new in China, especially in metropolitan areas like Beijing, Shanghai and Shenzhen, where houses in prime locations can fetch prices as high as those in London, New York and Tokyo...The sky-high house prices are nothing new in China, especially in metropolitan areas like Beijing, Shanghai and Shenzhen, where houses in prime locations can fetch prices as high as those in London, New York and Tokyo. People with an average monthly salary of between $400 and $500, the group most affected, face enormous pressure, both psychologically and financially, when required to repay bank loans on their new home. This has led to a new relationship where home-展开更多
The real estate industry in China ispicking up rapidly after a couple of years’economic adjustment.According to thenewest statistics, indices like constructionarea by housing development companies,area of commerciali...The real estate industry in China ispicking up rapidly after a couple of years’economic adjustment.According to thenewest statistics, indices like constructionarea by housing development companies,area of commercialized housing soldout, floor area of commercialized residentialbuilding sold out,aggregate sales of com-mercialized housing,as well as the percen-展开更多
Compared with the situation in other countries,therole played by China’s real estate and real estate industry inincreasing municipal financial resources has the followingobviously different characteristics:In most co...Compared with the situation in other countries,therole played by China’s real estate and real estate industry inincreasing municipal financial resources has the followingobviously different characteristics:In most countries,land in urban areas is privatelyowned,and so are buildings.Therefore,real estate revenuescome mainly through taxation.In China,however,urbanland as well as a greater part of the urban building stock展开更多
基金Sponsored byt he Soft Science Subject of Chongqing Committee of Science &Technology(2006cc07)
文摘The definition of pillar industry is stated and its indicators, including the proportion of added value in the GDP, the degree of industry correlation, the income elasticity of demand, and the growth rate of employment will be discussed. And then index weighing is determined based on the degree of importance. The result of the quantitative analysis of real estate industry in Chongqing suggests that its first three evaluating indicators live up to the index requirement of a pillar industry while its degree of industry correlation is not satisfactory. An overall evaluation indicates that the real estate industry in Chongqing meets the requirements of pillar industry.
文摘Based on some basic principles of self-organization theory including dissipation structure and synergy,the author analyzes the condition,dynamic and evolving route of the self-organization evolution of the real estate industry,and builds synergetic evolution model,calculates out the order parameter of the real estate industry. The paper supplies new methods and tools for further research of real estate industry and contributes to reference of the government for its direction of macro-control.
文摘This paper discusses whether target costing (TC) is affected by the impacts of external circumstances and appears dynamic in real estate development industry. A case study was conducted and combined with literature reviews to test this proposition. The results of this paper show that the formula appears dynamic on the impacts of economic depression/recession, inflation, and change of governmental policy to assist the firms in the achievement of planned profits. TC, as a strategic profit management system in the industry, exhibits brisk utilization in a dynamic formula with more of a focus on value added to maintain fixed profits. It is different from the focus on cost reduction by a static formula in previous literatures.
文摘Real estate has been one of the fastest growing sectors in China since its opening to the outside world. The sustained, steady growth of the national economy has provided favourable conditions for the rapid growth of the real estate industry, and the higher profits anticipated have attracted a large volume of overseas capital into the industry. Various real estate companies have flourished, and a number of luxury hotels, villas and holiday
文摘In recent years,due to the rapid development of the real estate industry in China,land speculation has begun in addition to the significant growth in economy.However,this rapid development has led to an extreme rise in housing prices,largely owing to high property tax.This article analyzed the impact of property tax on the development of real estate industry and provided countermeasures.
文摘The real estate industry is a capital-intensive industry and capital has become a particular concern for real estate enterprises.For a long time,China’s real estate enterprises rely on high-leverage development and carry out high-debt and high-risk operations.The solvency of real estate enterprises has been the focus of stakeholders’attention.In August 2020,China’s regulatory authorities introduced new financing regulations for real estate enterprises.They set up“three red lines,”which brought real estate enterprises’solvency into focus once again.This article takes A-share listed companies in China’s real estate industry as an example,analyzes and evaluates its debt solvency,and gives suggestions based on new policies and regulations,hoping to provide specific references to the enterpriser’s manager and external decision-makers.
基金Supported by the General Project for Humanities and Social Science of the Institutions of Higher Education in Jiangxi Province(GL1458)~~
文摘Based on the current development of industrial real estate of Jiangxi Province, comprehensive analysis was conducted to 6 aspects using the idea of diamond model, namely, factor conditions, demand conditions, related and supporting industries, firm strategy, structure and rivalry, government and chance through the comparison with the other industrial real estates and analysis on horizontal competition in China. Development countermeasures were investigated to improve the competitiveness of the industrial real estate in Guangxi, putting forward the strategies of developing the role of government and business, seizing the opportunities of the times, city-industry integration development, implementation of industrial integration and integration of city development, the implementation of industrial integration and investment planning.
文摘Great changes have taken place in China's real estate market during the 12th Five-year Plan period. The real estate market has shifted from being undersupplied to having an equilibrium of supply and demand with regional oversupply. Real estate risks in some cities have begun to emerge, but overall real estate risks remain controllable. Given the major changes taking place in the supply and demand of China's real estate market and the current stage of its development, it is projected that China's real estate investment growth will continue to slow down during the 13th Five-year Plan period and pressures on the renovation of inventory housing will intensify. According to the changes in the development of China's current real estate market, the objectives of real estate development will be adjusted to put a higher premium on the development level, the quality of real estate development, and the improvement of housing conditions. Reform and policy adjustments should be carried out to effectively prevent real estate market risks and to achieve stable operations inside the real estate market itself.
文摘With the further deepening of the reform of the economic system, China’sreal estate industry has been rapidly developing in recent years and is gradually becomingone of the major industries in China’s national economy. The author from seven aspectssummarises the reform and development of China’s real estate industry in the recent
基金Supported by Postdoctoral Research Foundation of Chaoyang District (Q1011019202101)Beijing Postdoctoral Research Foundation (Q6011019202101)Special Project for Soft Science Research of Hebei Provincial Science and Technology Plan (215576107D)。
文摘Based on China’s real estate investment(REI), commercial housing sales(CHS), and GDP data from 2001 to 2020, we studied the dependence, asymmetry, and transmission direction of China’s real estate and economy. Their cross-correlation is demonstrated through the deep crosscorrelation analysis(DCCA) algorithm, multifractal asymmetric detrended cross-correlation analysis(MF-ADCCA) algorithm and DCCA algorithm based on a time delay. Both REI and CHS have persistence with GDP. The real estate industry and economy have asymmetric multifractal characteristics.Meanwhile, real estate and the economy have different trends, and they can affect each other with the same length of time delay. This effect diminishes in a short period of time, and there are unsteady fluctuations in cross-correlation persistence in the long term.
文摘When the real estate industry begins torevive and develop in China,many urgentproblems on policies confront us today,Iwould like to offer some general remarks byway of introduction to prompt others comeup with valuable opinions.
文摘I. The Current Situation ofOur Real Estate Industry According to the findings of a nationalsurvey in urban housing conducted in 1985,the total urban floor area of the whole coun-try has reached 4.676 billion square meters,among which industrial buildings occupied1.353 billion square meters, commercialbuildings 0.388 billion, cultural and educa-
文摘The sky-high house prices are nothing new in China, especially in metropolitan areas like Beijing, Shanghai and Shenzhen, where houses in prime locations can fetch prices as high as those in London, New York and Tokyo. People with an average monthly salary of between $400 and $500, the group most affected, face enormous pressure, both psychologically and financially, when required to repay bank loans on their new home. This has led to a new relationship where home-
文摘The real estate industry in China ispicking up rapidly after a couple of years’economic adjustment.According to thenewest statistics, indices like constructionarea by housing development companies,area of commercialized housing soldout, floor area of commercialized residentialbuilding sold out,aggregate sales of com-mercialized housing,as well as the percen-
文摘Compared with the situation in other countries,therole played by China’s real estate and real estate industry inincreasing municipal financial resources has the followingobviously different characteristics:In most countries,land in urban areas is privatelyowned,and so are buildings.Therefore,real estate revenuescome mainly through taxation.In China,however,urbanland as well as a greater part of the urban building stock