Commentary
The Chinese Communist Party’s (CCP’s) grand plan to rescue the property sector involves having local governments use debt to buy overpriced properties and sell them at a discount.
A worker walks past a housing complex under construction by Chinese property developer Evergrande in Wuhan, in China's central Hubei Province, on Sept. 28, 2023. STR/AFP via Getty Images
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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