Fixing China’s Real Estate Sector – China Magazine

From Project Syndicate, Yu Yongding – In the two decades since China’s State Council officially classified the real estate sector as a “pillar industry”, the sector has seen rapid development, fueled GDP growth and inspired millions of Chinese to dream of owning their own home. But the sector is now beset by problems ranging from … Read more

How to fix China’s real estate sector

Previous warnings of a real estate crash in China were never confirmed; The real estate sector has always managed to get ahead. But unless the government takes concerted action to address developers’ deteriorating finances, things may be different this time. PEKING. In the two decades since China’s State Council classified real estate as a “pillar … Read more

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