Price and Volume Divergence in China’s Real Estate Markets: The Role of Local Governments
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During the Covid-19 pandemic (2020-2022), Chinese cities witnessed a paradox: residential land and new house prices surged while transaction volumes plummeted. We attribute this to local governments active price management through supply controls, land acquisitions by Local Government Financing
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美国国家经济研究局创建时间：
2025-09-01
