Aug 11, 2022 07:43 PM

In Depth: Bailouts Multiply as Pressure Mounts to Stabilize China’s Housing Market

Photo: VCG
Photo: VCG

Efforts to halt the slump in China’s housing market are gathering pace as local governments, banks, state-owned enterprises (SOEs), asset management companies, and shareholders pump money into unfinished projects and cash-strapped developers.

A meeting of the Politburo on July 28 called for action to “stabilize the real-estate market” and the use of “city-specific policies.” It also told local governments they would be responsible for ensuring the  delivery of homes under construction that have already been paid for.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
China Stories: How Beijing’s Health Care System Battled Covid as Cases Peaked