Ruan Jia

Ruan Jia

Professor, School of Economics and Management, Beijing Jiaotong University

Ruan Jia is an economics professor at the School of Economics and Management, Beijing Jiaotong University. His key research areas are in monetary theory, monetary policy, investment banking and corporate governance. 

An aerial photo taken on 17 September 2023 shows residential buildings under construction in Ningbo, in China’s eastern Zhejiang province. (AFP)

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.