Economics, Econometrics and Finance
4 years ago

China's Adjusted House Price Index Reveals True Value of Housing Market.

DEStech Transactions on Social Science Education and Human Science
Research on the Measurement of China’s Adjusted House Price Index
Ye-Hui Wang, Xiaoheng Xu

Paper Summary

The article discusses how China's current house price index doesn't accurately reflect the value of all houses due to rapid economic growth. The researchers developed a new method to calculate a more accurate adjusted house price index for China. By using this method, they were able to calculate and discuss China's national and provincial adjusted house price indices.

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