https://youtu.be/VaNAfGBIw1s
Article - updated information on this issue
QUESTIONS
a) Which sector of the Chinese economy has become prominent in the last number of years as a driver of growth?
b) What are Chinese people investing in? Why?
c) What is this doing to the demand for housing? Show on a graph and explain what this is doing to the price.
d) Urbanization means people are moving from the country to the city. Does this affect the graph in the previous question? Do they have a demand for these apartments? Explain.
e) What has happened to the supply of condo housing in China? What has happened to the supply of low-income housing in China?
f) Explain the one-apartment policy in China. Draw a graph to show how this has affected prices.
g) How are developers getting the money to finance all this building?
h) What is a bubble? (You may need to research this)
i) We have learned about some of the drawbacks of a command economy. Give an example of one of these from the video.
