Thinking About China
Opinion

Mixed News on China’s Perennial Property Crisis

Rising developer defaults say the country has a long way to go before it gets out of the woods.
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Mixed News on China’s Perennial Property Crisis
A salesperson standing next to a housing estate model at a property sales center in Tianjin, China, on June 5, 2024. Jade Gao/AFP via Getty Images
Milton Ezrati
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Commentary

Though China has made some progress resolving its ever-present property crisis, problems seem set to drag on for some time to come.

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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.”