China Business & Economy

China’s Property Bubble May Be Bursting

China’s Property Bubble May Be Bursting
The aerial view shows residential buildings under construction by Chinese real estate developer Vanke in Hangzhou, Zhejiang Province, China, on March 15, 2024. STR/AFP via Getty Images
Panos Mourdoukoutas
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News Analysis

China’s property bubble—one of the nation’s key economic drivers and a source of its demographic problems—may be bursting. Property values and investments are declining, and land developers are in distress. The situation could become worse as more property units are completed and enter the market.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”