Economics, Econometrics and Finance
8 years ago

American Subprime Mortgage Crisis Sparks China's Housing Market Reforms

Urban Problems
Sub-prime mortgage of the U.S.and its enlightenment to China
Wei Li

Paper Summary

The article discusses how the subprime mortgage crisis in the U.S. can teach China about preventing housing mortgage risks. It looks at what caused the U.S. financial crisis and compares American and Chinese housing markets. The key points for China to focus on are highlighted for avoiding similar risks.

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