Analysis on China's Real Estate Economy Based on Big Data

Abstract

Over the past 40 years of China's reform and opening -up, the Chinese society and national economy have been booming. The real estate economy as a pillar industry of the national economy has achieved rapid growth. However, the U.S. subprime mortgage crisis in 2007, COVID-19 and the intensifying China-US trade war in 2020 have repeatedly raged, like the "Three Sword of Damocles" hurting Chinese economy. Based on rencent 10 years data collection, the paper analyzes the trend of real estate prices and puts forward countermeasures from many aspects to achieve to stabilize the housing market, economic and social situation.