China's Housing Crisis Unveiled

This chapter examines the complexities of China's housing crisis, highlighting the consequences of rapid construction leading to an oversupply of homes and increased financial strain on developers. It discusses government interventions to manage excessive debt, the alarming rates of unsold homes, and the implications for local economies reliant on land leasing. The chapter also addresses the need for a new economic model amid these challenges, as well as ongoing governmental efforts to transform vacant properties into affordable housing solutions.