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China’s Mysteriously Resilient Real Estate Prices—Explained

Residential buildings under construction in Beijing on March 4. China property buyers are back on the hunt, but not quite ready to invest, underscoring the tenuous state of the country’s real estate market.

Residential buildings under construction in Beijing on March 4. China property buyers are back on the hunt, but not quite ready to invest, underscoring the tenuous state of the country’s real estate market.

Photographer: Qilai Shen/Bloomberg

Navigating this world of rapid change and instability poses huge challenges for businesses, policymakers and investors. That’s why, on April 19-20, we’re convening the Bloomberg New Economy Gateway Europe in Dublin (click here for details). This event will explore the forces transforming trade and industry everywhere, from banking to aviation, energy to semiconductors. Join us for conversations with UniCredit’s Andrea Orcel, DeepMind’s Lila Ibrahim, the ECB’s Pablo Hernández de Cos and Magic Leap’s Peggy Johnson, among others. —Erik Schatzker, editorial director of Bloomberg New Economy.

China’s property market is a cornerstone of its economy, and its recent downturn is often blamed for eviscerating local government finances, sowing the seeds for even greater challenges.