OpinionThinking About China

Beijing Puts Forward a Very Communist Response to China’s Property Crisis

This move will surely kill China’s fundamental economic momentum.
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Beijing Puts Forward a Very Communist Response to China’s Property Crisis
People walk next to residential buildings in the coal city of Hegang, Heilongjiang Province, China on Jan. 2, 2020. Ryan Woo/Reuters
Milton Ezrati
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After a series of tentative moves during the closing months of 2023, Beijing has launched a new solution to the economy’s property crisis—if the leaks and rumors are true.

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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