| Ever since the explosion of the financial crisis, the China real estate market has been in continually short cycles, especially for the real estate market in those first-tier cities. The real estate market cycle on policy has been in a big heat but now eventually cooled down. The market used to fluctuate a lot for the first few years after the financial crisis, but now although the industry cycle is still happening noticeably, the feeling for the cycle is now not as sharp as it used to be.China and even the world are facing some difficulties in economical development during the post crisis period. The economy stimulation is probably the most important job for most governments. In that case, China decided to go for basic instructions and real estate that is more efficient in stimulating economies. And that is also why the real estate business is such a heat in China. The real estate is an industry, which is important for both the economy and people’s livelihood and also it has as many as 50 or 60 related industries. The above realty is also why the industry is a powerful tool when it comes to economy stimulations.For the past decade, the real estate industry was like going on a roller-coaster, and also this is why the industries is worth studying. Since the industry has a very standing-out regional character, this paper shall focus on the real estate market in Shanghai. This paper has done analysis on the evolving of the Shanghai real estate market and further came up with the conclusion about the relativity between industry cycles and industry structures. The Shanghai real estate market is one of the most mature ones among China and the data for the industry is relatively complete. And also Shanghai is very important a city in China, so there must be a necessity for a study by all means.This paper has firstly done analysis on the industry cycle and fluctuation, after the indicators for industry cycle was established, the study could go further. In the help of the charts and numbers, initial conclusions could be made. And that is why the paper came into being, to find out the relativity between industry cycle and industry structure.During the research, I have applied SPSS for analyzing the market fluctuation and cycles and also come up with a model to work out the final outcome of the paper. After some KMO and Bartlett test for the model, I finally is able to help with the paper now.The analytical part of this paper engaged SCP on the organizational analysis. After some logic efforts, I have finally found out a way to connect industry cycle with organizational factors.In the fist part of this paper, I laid down a foundation for further studies with some theories and related studies. On that basis, the paper talked about whether the theories fit this study and made some further hypothesis. With a slightly adjustment on the theories, the paper raise its model for analyzing, and based on the model the analysis was done with the market data on hand.The final result shows clearly that Shanghai real estate market is running on cycles in about every 3 years. The industry structure on the other hand has the same kind of cycle but didn’t do well for the statistical analysis. But we can easily find out the relativity between the industry cycle and the structure. When the cycle hit the top, the concentration of the industry drops to the minimum and there will be more capital entering the market. But if the scenario is the opposite, the conclusion of this paper can also work.Meanwhile, the paper also come up with another conclusion during the study, which is although the capital kept running after the interests, as the market grows and stabilizes the industry structure will be more steady. With that good trend of the industry, the industry can be more responsible for the livelihood of the people. |
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