China Business & Economy

ANALYSIS: China’s Real Estate Crisis Deepens Despite Desperate Bailout Measures

ANALYSIS: China’s Real Estate Crisis Deepens Despite Desperate Bailout Measures
This photo taken on June 20, 2023 shows a view of a complex of unfinished apartment buildings in Xinzheng City in Zhengzhou, China's central Henan Province. Pedro Pardo/AFP via Getty Images
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The Chinese regime has been attempting to save China’s crumbling real estate market with frequent bailout measures, but the effect has been minimal since the overall housing prices have been falling for seven months in a row.

The plunging property prices will severely damage the interests of the real estate sector and will hurt China’s overall economy since real estate accounts for over 30 percent of the country’s GDP.

Loosening Restrictions

On Jan. 30, Shanghai officially announced that it would remove some restrictions on property purchases by non-residents living in the city.
Jenny Li has contributed to The Epoch Times since 2010. She has reported on Chinese politics, economics, human rights issues, and U.S.-China relations. She has extensively interviewed Chinese scholars, economists, lawyers, and rights activists in China and overseas.
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