China needs a market support fund -- to rescue property developers

Risk of property market troubles hurting wider economy outweighs moral hazard concerns

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20231026 country garden

An unfinished Country Garden project in Tianjin in August: Using state funds to complete such developments will not resolve the property sector's underlying problems. © Reuters

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.

It is becoming increasingly apparent that not only has China's post-COVID rebound petered out, but that the country's economy faces at least three serious threats.

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