Critical Analysis on the Phenomenon of High Household Debt Caused by High Housing Price in China using Marx’s Capital Cycle Theory
Abstract
Chinese households have appeared the phenomenon of high debt ratio with the years continuous economic growth, especially the rapid rise of housing prices and the popularity of real estate mortgage loans in recent years. The main performance is the expansion of household debt scale, the transformation of household debt to housing loans and the excessive growth of household debt burden. This phenomenon seriously affects the healthy development of China’s economy. The high debt caused by high housing price, unreasonable debt structure and debt crisis leads to the currency amount reduction and interruption of the capital cycle, thus affecting the healthy development of China’s economy.References
[1] Karl Marx.《On Capital》(Vol. 2)[M]. Beijing: People’s Publishing House,2006 .
[2] He Lifen, Wang Meng. Household Debt Maturity Structure and Consumption: Analysis Based on Chinese Household Finance Survey Data [J]. Jianghuai Forum,2018(03):140-146.
[3] Open report-family debt heterogeneity and consumption-bean Ding Internet Resource library (https://www.docin.com/p%)
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