This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
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
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 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.”
