From 1949 to today, China has experienced dramatic changes in its economy and urban development. This book examines these changes and looks at one city, Shenzhen, in detail. The performance and behavior of a fledgling property market in the transitional economy are analyzed in the backdrop of real estate commodification and marketization. Students and researchers in urban geography, urban planning, economics, business, and real estate will find this monograph lucid and original.

Two distinctive periods divide the last fifty years of development in China. The period 1949 to 1978 was...