OpinionThinking About China

Beijing’s ‘White Lists’ Are Certainly Not the Answer to China’s Property Crisis

The financial mess created by China’s property crisis is much bigger than anything Beijing has created to deal with it thus far.
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Beijing’s ‘White Lists’ Are Certainly Not the Answer to China’s Property Crisis
Unfinished apartment buildings at the Phoenix City residential project, developed by Country Garden Holdings Co., in Shanghai on Jan. 17, 2022. Qilai Shen/Bloomberg via Getty Images
Milton Ezrati
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Only a few weeks ago, Beijing discussed grand plans for a government takeover of China’s residential property market. If Beijing were to proceed with such plans, it would disguise the crisis, leaving many problems unaddressed and creating new ones.

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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