Thinking About China
Opinion

China’s Real Estate, Financial Sectors Will Only Deteriorate as Beijing Shifts to Planned Economy, Tightens Control

China’s Real Estate, Financial Sectors Will Only Deteriorate as Beijing Shifts to Planned Economy, Tightens Control
A police officer at the lobby of the Evergrande Center building in Shanghai on Sept. 24, 2021. Hector RetamaL/AFP via Getty Images
Pinnacle View Team
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Commentary

China’s real estate industry has been struggling with falling sales and prices for the past two years, with Evergrande filing for bankruptcy and Country Garden facing financial difficulties. Panelists on “Pinnacle View” have warned that the continued decline of the real estate market could potentially trigger a financial crisis.

Pinnacle View Team
Pinnacle View Team
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“Pinnacle View,” a joint venture by NTD and The Epoch Times, is a TV forum centered around China. The program gathers experts from around the globe to dissect pressing issues, analyze trends, and offer profound insights into societal affairs and historical truths.