China’s Escalating Property Curbs Underline Xi’s New Priority

The video discusses China's property market, highlighting recent regulatory changes aimed at addressing housing affordability. The government, led by Vice Premier Han Jung, is taking a firm stance against using property as a short-term economic tool and is holding local officials accountable for property price spikes. This mirrors crackdowns in other sectors like education, targeting wealth hoarding and social inequity. The real estate sector, a significant part of China's economy, poses challenges as the government tries to control prices without harming growth, given its substantial impact on the banking system.

In what ways do Chinese households use property to maintain their wealth?

What percentage of outstanding loans for Chinese banks is accounted for by the property sector?