A pedestrian heads towards residential apartments under construction in Beijing on March 4. Tensions between efforts to forestall a financial crisis and the need to reduce leverage and speculation make it extremely difficult to restore confidence in the industry, particularly among homebuyers. Photo: Bloomberg
Opinion
Opinion
The View
With China battling to stabilise its property market, talk of a recovery is premature
- The easing of Covid-19 restrictions has undeniably boosted sentiment and sales. But for a government that must still deflate a bloated and overleveraged industry without crashing the market, just stabilising things is proving a challenge
A pedestrian heads towards residential apartments under construction in Beijing on March 4. Tensions between efforts to forestall a financial crisis and the need to reduce leverage and speculation make it extremely difficult to restore confidence in the industry, particularly among homebuyers. Photo: Bloomberg
