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Published on: 15. May 2024

Real estate crisis: Why the government plans to buy housing

HUAIAN, CHINA - DECEMBER 06: Aerial view of Evergrande Metropolis or Evergrande Mingdu housing complex on December 6, 2021 in Huaian, Jiangsu Province of China. PUBLICATIONxINxGERxSUIxAUTxHUNxONLY Copyright: xVCGx CFP111360592090
As a result of an excessive construction boom, there are ten million unfinished apartments across China. To mitigate the crisis, the government is now reportedly considering purchasing unsold properties.

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Last updated: 24. July 2025
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