China’s economy has made an impressive recovery since the onset of the pandemic, and the stringent health measures and targeted economic stimulus enacted by Beijing’s top leaders have been remarkably successful. However, with policymakers now beginning to phase out centrally-backed economic support, some are voicing concerns that a premature rollback could threaten an already reeling global economy.
Author: Nigel Vinson
A bubble-prone housing market has been one of the most challenging sectors within the vast array of economic issues that China has faced on its road to economic modernization. One of the key approaches harnessed by policymakers in Beijing has been to limit property loans as a curb for speculative activity; however, questions remain as to the long-term feasibility of this solution to China’s property value crisis.