Residential buildings under construction at Tahoe Group’s Cathay Courtyard development in Shanghai, on July 27. Photo: Bloomberg
Residential buildings under construction at Tahoe Group’s Cathay Courtyard development in Shanghai, on July 27. Photo: Bloomberg
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

How China can avoid a property market disaster, without having to bail out developers

  • Beijing’s insistence on housing being for living in rather than speculation suggests a bailout for the sector will not be forthcoming
  • Instead, there needs to be a focus on managing risks in the short term, finding new growth engines in the medium term and eventually reshaping the housing market

Residential buildings under construction at Tahoe Group’s Cathay Courtyard development in Shanghai, on July 27. Photo: Bloomberg
Residential buildings under construction at Tahoe Group’s Cathay Courtyard development in Shanghai, on July 27. Photo: Bloomberg
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