Commentary
Beijing all along has failed to deal effectively with China’s property crisis. To begin with, China’s leadership foolishly ignored it.
Thinking About China
Opinion
China’s Property Crisis Is More Complex Than Beijing Seems to Think
Structural problems will make what is an already difficult challenge for Beijing all but insolvable in the short run.
Deserted villas in a suburb of Shenyang, in China's northeastern Liaoning Province, on March 31, 2023. China's real estate industry is in a record-breaking slump. Jade Gao/AFP via Getty Images
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."
