Abstract
This chapter explains the important role of housing in the economy. Housing is not only important as collateral for loans for small and medium enterprises, but is also a magnet to keep spending on the domestic economy. It takes the role of a transmission mechanism so that earnings from exports are kept in the domestic economy.
Original language | English |
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Title of host publication | The July 1 protest rally: Interpreting a historic event |
Editors | Joseph Y. S. CHENG |
Place of Publication | Hong Kong |
Publisher | City University of Hong Kong Press |
Chapter | 10 |
Pages | 307-335 |
Number of pages | 29 |
ISBN (Print) | 9629371138 |
Publication status | Published - 2005 |
Keywords
- Housing
- Hong Kong