OpinionThinking About China

Beijing Is Still Failing China’s Economy

China’s property market continues to sink. Since these problems became apparent some three years ago, Beijing has consistently delivered too little, too late.
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Beijing Is Still Failing China’s Economy
The under-construction housing complex by Chinese property developer Poly Group in Dongguan, in China's southern Guangdong Province, on July 13, 2022. Jade Gao/AFP via Getty Images
Milton Ezrati
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Commentary

Despite Beijing’s recent attempts to stem declines in China’s property market, it continues to sink—and by just about every measure available.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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