Measures to Avoid Bubble Burst: Where is the best destination
For the current situation of China's real estate, John 's point of view is desirable, "China's property market is in the midst of a slow-moving crisis." What deserves attention is the " three red lines " policy introduced in 2020. The policy had twin goals : lessening the economy's over-reliance on property and tamping down on speculation that had put house prices out of reach for many middle-class Chinese. China Evergrande's default crisis may have served as a warning. The Evergrande Center building in Shanghai. (Hector Retamal/AFP/Getty Images) Source: Analysis by Susan H. Whiting Regarding the impact of macro policies on China's real estate market, Japan's experience in the 1990s is more similar to China's. Excessive savings and speculation once weighed on the housing market. Like Japan, China's housing bubble is partly the result of financial liberalization . One striking feature was that when the bubble burst, Japan ...
