Beijing Pushes Policy Support for Real Estate Sector
Woes deepen for property developers and local government budgets
Villas of real estate property "Viva Villa" developed by Ping An Real Estate are seen under construction in Xishuangbanna Dai Prefecture, Yunnan Province, China, on June 20, 2019. Lusha Zhang/Reuters
As China’s real estate sector woes deepen, hitting developers and local budgets, policy support from Beijing is on its way.
The Chinese Communist Party (CCP) has mobilized its so-called national asset managers to support its tottering real estate developers and avert a full-on property market collapse.
Fan Yu
Author
Fan Yu is an expert in finance and economics and has contributed analyses on China's economy since 2015.
