Opinion
Hankyoreh English Edition on MSNOpinion

[Column] The origins of China’s real estate bubble

In China today, no tax is levied on the possession of real estate. Yes, there’s an acquisition tax and a few local taxes, but nothing worthy of the name of property tax. Back when China was a ...
Land is a weird asset. We need it to be affordable because everyone needs somewhere to live. But for many people, real estate is also their biggest store of wealth — a kind of national piggybank that ...
China's economy is in a rut, and it continues to weigh on its housing and stock markets. Home sales for one of its largest developers crashed 57% year-over-year in August. Tech earnings growth, ...
Bubbles may seem fun on the way up, but they’re universally brutal in the inevitable deflation stage. China’s stimulus boom helped inflate global demand and real estate prices after the 2008 recession ...
Evergrande was the symbol of the excess of China’s property market. On Monday, its shares were delisted from Hong Kong’s stock exchange, leaving creditors in limbo. Evergrande’s delisting from the ...