Though property developers are starting to reschedule their finances, it’s just the first step in addressing China’s ongoing property crisis.
A man stands outside the construction site of a residential complex being built by Chinese real estate developer Vanke in Nanjing, Jiangsu Province, China, on Feb. 13, 2025. AFP via Getty Images
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Commentary
It has been a long way down for China’s property market. Homebuying, construction, and real estate prices have all been in decline since the crisis first broke out in 2021, with the failure of the giant property developer Evergrande.
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”
