2024 outlook: China property market turn requires new growth model

Stronger safety net would encourage consumers to spend more

20231225 china property

Residential towers in Yantai, China: Local government measures, such as lowering mortgage rates, have failed to halt a decline in residential home sales. (FeatureChina via AP Images)

Donald Low is a senior lecturer and professor of practice in public policy and director of leadership and public policy executive education at the Hong Kong University of Science and Technology. Elisha M. Sonthra is a master's student in public policy at the university.

Strewn across China are roughly 20 million presold but unfinished homes.

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