China Experts Map Out Endgame for Xi’s Revamped Property Sector
State-owned firms seen taking control of real estate market
Transition will be ‘long and painful,’ Bocom’s Hao Hong says
Bloomberg News
China’s crackdown on its real estate sector shows few signs of stopping as officials seek to reduce the risk of a U.S.-style financial crisis.
The big questions now are what will the world’s largest property market look like at the end of this process -- and whether the Communist Party can avoid a hard landing of the economy.
