How China Has Attempted to Guide a New and Unwieldy Housing Market

China’s housing market attracts widespread attention, not only for its huge profits, but also for its potential harms. In order to cool this overheated market, the Chinese government has enforced a series of regulations and policies that aim to control the housing market. This article discusses these policies from 2003 to 2013 and mainly focuses on limited residential property purchases, tighter mortgage lending requirements and real estate taxation. No matter how much success China has had in regulating housing in the past 10 years, it still has its work cut out for it given China’s robust economic development.