The Real Estate Industry and Three Industry Correlation Empirical Analysis, Shan’xi Province

Abstract

Nowadays, Real estate is playing a significant role in economic growth in China currently, and has been closely linked with different industries in the national economy. Taking Shan ?xi Province as an example and adopting the Grey Relevance Analysis Approach mentioned in Grey Theory, this article analyzes the relevance between the real estate and three industry sub-industries in secondary industry and tertiary industry. It shows that the relevance goes up between the real estate and the primary industry, secondary industry, and tertiary industry, the real estate has made great contribution to the whole economy in Shan ?xi Province, and it has a promising market as well.