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Although the Chinese Property Code of 2007 has formalized condominium ownership first ever, the minimal provisions regulating developers in creating condominium projects are incompatible with the crucial role they play. This oversight in Chinese law has been the root cause for many problems and disputes with management and their administrative practices. This paper will explore a wide spectrum of roles the developers play in the planning, construction and management of condominiums in China. This paper undertakes a critical analysis comparing current Chinese practices with the American Uniform Common Interest Ownership Act. It is concluded that developing rules to better regulate developers is crucial for purchasers and provide legal certainty and predictability.
This book examines condominium, property, governance, and law in international and conceptual perspective and reveals this urban realm as complex and mutating. Condominiums are proliferating the world over and transforming the socio-spatial organization of cities and residential life. The collection assembles arguably the most prominent scholars in the world currently working in this broad area and situated in multiple disciplines, including legal and socio-legal studies, political science, public administration, and sociology. Their analyses span condominium governance and law on five continents and in nine countries: the United States (US), China, Australia, the United Kingdom (UK), Canada, South Africa, Israel, Denmark, and Spain. Neglected issues and emerging trends related to condominium governance and law in cities from Tel Aviv to Chicago to Melbourne are discerned and analysed. The book pursues fresh empirical inquiries and cogent conceptual engagements regarding how condominiums are governed through law and other means. It includes accounts of a wide range of governance difficulties including chronic anti-social owner behaviour, short-term rentals, and even the COVID-19 pandemic, and how they are being dealt with. By uncovering crucial cross-national commonalities, the book reveals the global urban context of condominium governance and law as empirically rich and conceptually fruitful. The book will appeal to researchers and students in socio-legal studies, law, sociology, political science, urban studies, and public administration as well as journalists, social activists, policymakers, and condo owners/board members.
Urban Energy Transition, second edition, is the definitive science and practice-based compendium of energy transformations in the global urban system. This volume is a timely and rich resource for all, as citizens, companies and their communities, from remote villages to megacities and metropolitan regions, rapidly move away from fossil fuel and nuclear power, to renewable energy as civic infrastructure investment, source of revenue and prosperity, and existential resilience strategy. - Covers technical, financial, systems, urban planning and design, landscape, mapping and modelling, and sociological issues related to urban renewable energy transformations - Presents city-wide renewable energy strategies and urban thermal performance planning, sector coupling, and smart distributed renewable energy and storage systems - Examines individual and mass transport systems in the contexts of urban mobility trends and energy innovations - Explains successful innovations in solar bond finance, blockchain technology enabled peer-to-peer renewable energy trading systems, and the case for renewable energy based regional monetary systems - Features foci on societal, community and user enabling aspects such as energy justice, prosperity and democracy, and urban renewable energy legislation, programs and incentives - Includes analytic case insights into successful practices from around the globe that provide local, regional and country-specific governance and organizational perspectives
This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycles in China's Macroeconomy” by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. “Demystifying the Chinese Housing Boom” by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, “External and Public Debt Crises” by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, “Networks and the Macroeconomy: An Empirical Exploration” by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household’s beliefs for understanding economic phenomena. “Expectations and Investment,” by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. “Declining Desire to Work and Downward Trends in Unemployment and Participation” by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s.
HOUSING BOOMS IN GATEWAY CITIES “David Ley examines the development of housing booms, and policies intended to stimulate or limit them. Utilising a comparative approach in five gateway cities, he provides a superb understanding of the politics of booms, lifting the debate beyond narrow housing and real estate studies. This book is required reading for anyone interested in global cities, housing markets, or comparative urbanism.” —Manuel B. Aalbers, Professor of Human Geography, KU Leuven, Belgium “A stellar contribution to housing and its financialisation as central to the capitalist project globally, Housing Booms offers a wonderful window into the ascendancy of the secondary circuit of real estate in Singapore, Hong Kong, Sydney, Vancouver, and London. Critically, through careful, empirically rigorous comparison, an eminent urban social scientist urges us to understand the importance of placing urban housing theoretically.” —Loretta Lees, Director of the Initiative on Cities, Boston University “Mastering a wealth of information and insights from five gateway cities, David Ley provides fresh and inspiring explanation of both common global logics and diverse local trajectories of housing booms in the era of financialisation and asset-based accumulation. A timely and ground-breaking contribution, (re)positioning housing to the centrality pervasively felt in everyday life but largely unacknowledged in mainstream social science.” —George Lin, Chair Professor of Geography, University of Hong Kong In Housing Booms in Gateway Cities, renowned geographer Dr. David Ley delivers a detailed exploration of housing markets in Hong Kong, Singapore, Sydney, Vancouver, and London and explains why these gateway cities have seen dramatic increases in residential real estate prices since the 1980s. The author describes how the globalization of real estate has rapidly inflated demand and uncoupled local housing prices from local wages, causing acute problems of affordability, availability, and inequality. The book implicates government policy in massive real estate price inflation, describing a shift from welfare-based to asset-based societies. It also highlights the relatively unique experience in Singapore, where asset-based housing policy has encouraged the dispersion of ownership and accumulation through an increased supply of subsidized leasehold apartments and the regulation of disruptive investment flows. Housing Booms in Gateway Cities is an ideal resource for academics, students and policymakers with an interest in urban geography, sociology, and planning, housing studies, and any of the cities discussed in the book. It is an innovative treatment of housing as a central category in wealth accumulation in urban economies and societies.
Now distributed by Brill for The Chinese University Press This book is, in fact, a study of human survival. It describes the Chinese immigrants in Montreal, Canada, as they encounter racial discrimination. It begins with the arrival of the first batch of Cantonese, in the 1850s, in Victoria, British Columbia, and ends, in the late 1970s and 1980s, in Montreal. Like Vancouver and Toronto, Montreal saw the influx of two contrasting groups of Chinese: refugees of Chinese descent from Indo-China, and economic migrants from Hong-Kong. The book uses oral history and in-depth interview material, in documenting the costs of racism on the one hand, and the strategies for adaptation on the other. The author argues that the kind of racism the Chinese in Montreal have been subjected to is a systematic one. This book is now distributed by Brill for The Chinese University Press.
This book offers a comprehensive and multidisciplinary global overview of populism and human rights in the light of globalization. It examines why the dominant (neo)liberal paradigm of the last decades resulted in major economic and social inequalities which resulted in the surge of national populism, led by the election success of right-wing parties, movements, and leaders across the world. It discusses, among other topics, the success of Brexit in Britain and the election success of Donald Trump and Marine Le Pen and explains why there is a need for a dialogue on human rights and globalization in this era of populism. Further contributions analyze various important topics of the field, including cross-culturalism, globalization, human rights, challenges and threats, diversity, curbing global corruption, sustainable development, populism, the decline of free speech, the new nationalism, internationalization, global regime of human rights, leadership theory, global management competencies, gender, quality management, individualism-collectivism, and examples of new initiatives in global organizations. This makes the book a valuable and useful resource for students, researchers, and scholars of international relations, political science, sociology, political psychology, law, diplomatic studies, Communication and media studies, economics, education and management, as well as practitioners and policy-makers interested in a better understanding of globalization, populism, and human rights.
This volume presents advanced studies that consider the fundamental difference of urban center versus decentralization that operates in the cities of New York and Los Angeles, while comparing politics and culture in each area.
A timely, vital account of California’s unique relationship with China, told through the exploits of the entrepreneurs, activists, and politicians driving transformations with international implications. Tensions between the world’s superpowers are mounting in Washington, D.C., and Beijing. Yet, the People's Republic of China and the state of California have built deep and interdependent socioeconomic exchanges that reverberate across the globe, making California and China a microcosm of the most important international relationship of the twenty–first century. In The Transpacific Experiment, journalist and China analyst Matt Sheehan chronicles the real people who are making these connections. Sheehan tells the story of a Southern Californian mayor who believes a Chinese electric bus factory will save his town from meth labs and skinheads. He follows a Chinese AI researcher who leaves Google to compete with his former employer from behind the Great Firewall. Sheehan joins a tour bus of wealthy Chinese families shopping for homes in the Bay Area, revealing disgruntled neighbors and raising important questions about California’s own narratives around immigration and the American Dream. Sheehan’s on–the–ground reporting reveals movie sets in the “Hollywood of China,” Chinese–funded housing projects in San Francisco, Chinese immigrants who support Donald Trump, and more. Each of these stories lays bare the new reality of twenty–first–century superpowers: the closer they get to one another, the more personal their frictions become. “Cuts right to the heart of the relationship between Silicon Valley and China: the tangled history, the current tensions, and the uncertain future . . . a must–read.”—Kai–Fu Lee, former president of Google China and founder of Sinovation Ventures
The sharp rise of house prices in China’s Tier-1 cities has fostered a great deal of commentary about the possibility of bubbles forming there. However, China’s unique housing market characteristics make it difficult to assess the macroeconomic severity of bursting bubbles, even if they exist. These include the setting of land supply and prices by the government, among many others. The presence of overbuilt “ghost cities” greatly complicates the ability of traditional macroeconomic policies to address these concerns. This paper looks at proposals to shore up the mortgage underwriting and legal infrastructure to help China withstand the impact of falling prices, should this occur.