Why China is grappling with falling prices – and being compared to Japan
Al JazeeraAPR 2023
Contrary to the prevailing anti-China narrative emanating from the West, China’s economy is far stronger than most think, and Beijing’s forceful actions are helping China along in its recovery from the pandemic. The issues facing China’s property sector have been greatly exaggerated, and policy tweaks will allow for robust home ownership and an uptick in consumer sentiment. China’s economy is on the right path, and its best days still lay ahead.
China is in the midst of a full-blown property crisis that will have a profound impact on its entire economy. China’s property sector played a big role in the country’s ascent over the past few decades, but it has slowly been declining as individual homebuyers and large developers alike struggle to make payments. China’s systemic issues have created this crisis, and it is unlikely that a few policy tweaks will make this problem go away.