Thinking About China
Opinion

Beijing Takes More (Inadequate) Steps to Remedy China’s Property Crisis

After two years of dithering, Beijing has at last begun to address China’s property/financial crisis seriously—but it is still not enough.
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Beijing Takes More (Inadequate) Steps to Remedy China’s Property Crisis
A construction site at a complex of unfinished apartment buildings in Xinzheng City in Zhengzhou, China's central Henan Province, on June 20, 2023. Pedro Pardo/AFP/Getty Images
Milton Ezrati
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Commentary

Beijing has taken another step to address its stubborn property crisis and the financial fallout from it.

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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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