A man rides a bike past residential buildings under construction in Beijing on September 15. Property demand has slumped alongside the rate of marriages as more men are unable to take on the crippling financial responsibility of providing a matrimonial home. Photo: EPA-EFE
A man rides a bike past residential buildings under construction in Beijing on September 15. Property demand has slumped alongside the rate of marriages as more men are unable to take on the crippling financial responsibility of providing a matrimonial home. Photo: EPA-EFE
Andy Xie
Opinion

Opinion

The View by Andy Xie

China’s property sector must downsize if there aren’t enough marriages to save it

  • The decline in the number of marriages, the most significant driver of property demand, leaves China looking at a massive inventory that will take at least 10 years to digest
  • Without downsizing and reforms, the property industry will become a zombie

A man rides a bike past residential buildings under construction in Beijing on September 15. Property demand has slumped alongside the rate of marriages as more men are unable to take on the crippling financial responsibility of providing a matrimonial home. Photo: EPA-EFE
A man rides a bike past residential buildings under construction in Beijing on September 15. Property demand has slumped alongside the rate of marriages as more men are unable to take on the crippling financial responsibility of providing a matrimonial home. Photo: EPA-EFE
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