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Shuli Ren

China’s housing mess has finally reached Xi Jinping

China’s leader is stepping in the help the country’s beleaguered developers. But only the state-owned players who are critical to his power base.

Shuli RenBusiness commentator
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Three years into an unprecedented housing downturn, China’s President Xi Jinping seems to be finally getting worried, prompting speculation of quantitative easing and fuelling a bull run in Hong Kong-listed Chinese stocks.

China has decided that the state owned developers will survive.  AP

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Bloomberg Opinion

Shuli Ren is a Bloomberg columnist covering Asian markets and a former investment banker.
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    Original URL: https://www.afr.com/world/asia/china-s-housing-mess-has-finally-reached-xi-jinping-20240516-p5je6g