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Beijing Plans To Turn Its Debt-Ridden Property Giants Into State-Owned Entities, Expert Says

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Beijing Plans To Turn Its Debt-Ridden Property Giants Into State-Owned Entities, Expert Says
The logo of China Evergrande Group is seen on the property developer's headquarters in Shenzhen, Guangdong province, China, on Sept. 26, 2021. Aly Song/Reuters
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After two major Chinese property developers—Evergrande and Kaisa—defaulted on their bond payments, the Chinese Communist Party (CCP) reiterated its bid to rein in its debt-ridden property market. However, experts believe that the CCP intends to turn private enterprises into state-owned entities that bolster state control.

Jenny Li
Jenny Li
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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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