Thinking About China
Opinion

China’s Property Problems Persist and Threaten the Whole Economy

The financial fallout of China’s property collapse puts the financial system and the whole economy at risk.
China’s Property Problems Persist and Threaten the Whole Economy
Residental buildings in Huaian, in China's eastern Jiangsu Province, on Nov. 16, 2022. STR/AFP via Getty Images
Milton Ezrati
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Commentary

Having almost single-handedly caused China’s present property crisis, authorities in Beijing still seem clueless about how it happened or how to manage it. It isn’t even clear that the regime understands the gravity of the situation and the danger it presents to the financial system and the economy.

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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