How the one-child policy fueled China’s property bubble (Nikkei Asian Review)

Xiaobo Zhang, senior research fellow, authored an op-ed in the Nikkei Asian Review about the surprising link between China’s one-child policy and rising house prices. Despite home price-to-income and home price-to-rent ratios in major Chinese cities being much higher than their counterparts in developed countries, China has one of the highest homeownership rates in the world. Zhang looks at how the drive to attract a prospective sexual partner powers the housing market.