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 |
|---|---|
| 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
