Comparative Analysis Between Japan's Real Estate Economy and China's Real Estate Status
Abstract
Japan's real estate bubble economy in the 1990s caused a major blow to the Japanese economy, Japan entered the "disappearing 30 years". The causes of Japan's real estate bubble economy and the reasons why the bubble burst are worthy of the world's countries to learn from. 21st century since the rapid development of China's real estate economy, housing prices are growing rapidly. The real estate economy has been overheated in some areas, although the Chinese government has taken relevant measures to cool down, still can't relax the vigilance, people should always pay attention to the overheated areas of real estate prices, land prices. Through the comparison between China and Japan, although the economic structure and development trend are similar when the property overheating phenomenon occurs, the economic development background and international background between the two countries are different, and the governments of the two countries have adopted different strategies to deal with the property overheating phenomenon. So in conclusion, although there are some areas in China where real estate is overheating, China's real estate market will not burst the bubble. In order to prevent China's real estate bubble from bursting and its impact on economic development, China should pay attention to the reasons behind it and make targeted policy adjustments, while also drawing on the lessons learned from other countries to promote the healthy and stable development of the real estate economy.
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