History of China's real estate development in various stages (very detailed)

The history of China's real estate development can be divided into the following stages: 1. Germinal stage (late 19th century and early 20th century) The budding stage of China's real estate industry could be traced back to the late 19th century and early 20th century. At that time, China's real estate market was mainly controlled by private capital, especially in the Jiangnan and Pearl River Delta regions. With the invasion of China's territory and the plunder of real estate, it gradually became one of the important areas of commercial activities in China. 2. Initial stage of development (1920s to 1950s) The 1920s to the 1950s was the initial stage of China's real estate development. At this stage, the application of real estate gradually expanded to include residential, commercial and industrial land. At the same time, the scale and strength of China's real estate industry was also increasing, especially in the coastal areas. 3. Stage of comprehensive development (1960s to 1990s) From the 1960s to the 1990s, China's real estate industry developed in an all-round way. At this stage, China's real estate industry experienced large-scale construction and development, including urban transformation, real estate development and urban development. During this period, China's real estate industry became an important part of the Chinese economy, which had an important impact on the domestic and international markets. 4. Maturity Stage (after the 21st century) After the 21st century, China's real estate industry entered a mature stage. At this stage, China's real estate market gradually stabilized, the scale continued to expand, and the level of urban development continued to increase. At the same time, China's real estate industry also faced some challenges such as the regulation of the real estate market, urban planning and architectural design. 5. New Stage of Development (2020-present) Since 2020, China's real estate has entered a new stage of development. At this stage, China's real estate industry faced new market and policy challenges, but also made some achievements. The Chinese government had already proposed strategies such as "rural rejuvenation" and "urban upgrading". The development of China's real estate industry would pay more attention to the advancement of sustainable development and the process of urban development.