Thinking About China
Opinion

Beijing’s Unusual Plan to Stabilize Housing Market Has Risky Consequences

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Beijing’s Unusual Plan to Stabilize Housing Market Has Risky Consequences
A building under construction is seen in Shanghai on Sept. 24, 2021. Hector Retamal/AFP via Getty Images
Pinnacle View Team
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Commentary

As China’s economy continues to spiral downward, the Chinese Communist Party (CCP) has initiated a significant plan for the government to buy back unsold homes from developers and repurpose them as affordable housing.

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Pinnacle View Team
Pinnacle View Team
Author
“Pinnacle View,” a joint venture by NTD and The Epoch Times, is a TV forum centered around China. The program gathers experts from around the globe to dissect pressing issues, analyze trends, and offer profound insights into societal affairs and historical truths.