The collapse of the property boom in China has led to a series of defaults by a number of the country’s major developers. Photo: AFP
The collapse of the property boom in China has led to a series of defaults by a number of the country’s major developers. Photo: AFP
Donald Low
Opinion

Opinion

Donald Low

As China’s property crisis grows, can nationalisation help rebalance its economy?

  • Developers’ debt crisis raises concerns about health of banks, local governments’ fiscal viability, impact of falling property prices on consumption and economic growth
  • China can look to US experience where partial nationalisation of troubled assets, financial institutions helped restore financial stability, boost economic recovery

The collapse of the property boom in China has led to a series of defaults by a number of the country’s major developers. Photo: AFP
The collapse of the property boom in China has led to a series of defaults by a number of the country’s major developers. Photo: AFP
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