2016-1 IYGU Story Map : China house-buying power is rolling the world up

Abstract

Along with globalization in the economic and financial area, buying real estates internationally become more and more common. Chinese-ethnic people pour money in the real estate market abundantly in the Europe and North America, which leads to a rise in housing price locally. The reason why this happen, it plays an important role that Chinese-ethnic society possess a deep-rooted concept of assets.

While the fact that Chinese-ethnic people buy foreign real estate crazily become an irrepressible trend, simultaneously, Chinese-ethnic local society is undergoing an impact of high housing price. Plenty of young people are unable to afford a decent house even if they work all their lives. Accordingly, they can only rent a house or live with parents like parasite or live in the small and shabby room like a snail .

At the end of story, we will learn “Ratio of house price to income” in Chinese-ethnic cities which is so high that represents an living problem for local residents. Looking in the problem in detail, government’s economic policies and social housing policies effect this issue intensely. What exactly happen to all of this ? Let’s begin our adventure of comprehension.

Complete Working

Link to Working website

2016-1 IYGU Story Map : China house-buying power is rolling the world up

Competition Certificate