Society
Empty properties in China does not simply point to oversupply
China's property market is not in the best shape at the moment, and the complex rules and laws involved in owning and selling property and land are perhaps adding to the problem, particularly in the difficulties rural farmers might face in liquidating their assets when they need cash. So, while it seems that there is plenty of unsold housing in Chinese cities, the real issue might not be that simple.
Ruan Jia
10 Oct 2023