Construction workers in Chongqing, China, on March 22. The fate of China’s economic war with the US depends less on the trade deals negotiated and more on whether China can prevent a property market collapse. Photo: AFP
Shirley Ze Yu
Opinion

Opinion

Shirley Ze Yu

Forget the trade war. Beijing’s worst nightmare is a property market collapse, Japan-style

  • China’s biggest economic risk in 2020 comes from its efforts to deflate the real estate bubble, which is closer to collapse than any point since 2003. Failure to find a soft landing may spell the end of China’s economic dream

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Construction workers in Chongqing, China, on March 22. The fate of China’s economic war with the US depends less on the trade deals negotiated and more on whether China can prevent a property market collapse. Photo: AFP
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Shirley Ze Yu

Shirley Ze Yu

Dr Shirley Ze Yu is Asia fellow at Ash Centre, Harvard Kennedy School, a senior visiting fellow at the Institute of Global Affairs at London School of Economics, and an associate at the Lau China Institute at King's College London. She has held senior executive roles in Chinese and global corporations over the past decade, and was formerly a China Central Television (CCTV) news anchor.