Thinking About China
Opinion

Chinese Real Estate and Existentialism

Chinese Real Estate and Existentialism
Homeowners hang a banner that reads, "Strongly condemn the dishonest real estate developer," to protest at the Shanghai Cannes Residential Area, in Shanghai on May 14, 2006. China Photos/Getty Images
Christopher Balding
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Commentary

Beijing recently announced a new raft of lending and support measures to boost real estate, building upon its rescue of local governments. Given the enormous oversupply and precarious financial state of developers, why Beijing would boost the real estate sector may puzzle many. To understand the real estate policy, we must understand what Beijing perceives as the risk.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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