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   <subfield code="z">9781484385371</subfield>
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   <subfield code="a">1018-5941</subfield>
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   <subfield code="a">Ding, Ding.</subfield>
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   <subfield code="a">The Long-Run Trend of Residential Investment in China /</subfield>
   <subfield code="c">Ding Ding, Weicheng Lian.</subfield>
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   <subfield code="a">Washington, D.C. :</subfield>
   <subfield code="b">International Monetary Fund,</subfield>
   <subfield code="c">2018.</subfield>
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   <subfield code="a">1 online resource (17 pages)</subfield>
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   <subfield code="a">IMF Working Papers</subfield>
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   <subfield code="a">&lt;strong&gt;Off-Campus Access:&lt;/strong&gt; No User ID or Password Required</subfield>
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   <subfield code="a">&lt;strong&gt;On-Campus Access:&lt;/strong&gt; No User ID or Password Required</subfield>
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   <subfield code="a">Electronic access restricted to authorized BRAC University faculty, staff and students</subfield>
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   <subfield code="a">In this paper we analyze the fundamental drivers of China's residential investment as a share of its GDP. Our analysis indicates that the economic structural changes that led to rebalancing toward consumption were the key driver of the rising residential investment to GDP ratio in China. We project that residential investment would moderate from the current level of 9 percent of GDP to around 6 percent by 2024, and its contribution to real GDP growth would decline gradually from currently about half percent of GDP to slightly negative over this period, barring policy intervention. The decline in the growth contribution of residential investment reflects the projected somewhat slower pace of rebalancing going forward and the envisaged increases in labor costs due to demographic changes.</subfield>
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   <subfield code="a">Mode of access: Internet</subfield>
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  <datafield tag="650" ind1=" " ind2="7">
   <subfield code="a">Housing Investment</subfield>
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   <subfield code="a">Investment Boom</subfield>
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   <subfield code="a">Investment Dynamics</subfield>
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   <subfield code="a">Residential Investment</subfield>
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   <subfield code="a">China, People's Republic of</subfield>
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   <subfield code="a">Lian, Weicheng.</subfield>
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   <subfield code="a">IMF Working Papers; Working Paper ;</subfield>
   <subfield code="v">No. 2018/261</subfield>
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   <subfield code="z">Full text available on IMF</subfield>
   <subfield code="u">http://elibrary.imf.org/view/journals/001/2018/261/001.2018.issue-261-en.xml</subfield>
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