House prices and bank credit in China first- and second-tier cities

What is it about?

This study found that bank credit was relevant to house prices but varied in different cities in China, in which population was found to be a dominant factor that influenced house prices in first-tier cities. In contrast, house prices in second-tier cities tended to be more affected by bank credit compared to those in first-tier cities.

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Why is it important?

The real estate market and bank credit scale are vastly different in Chinese cities.