The US Federal Reserve earlier this month that China's troubled property sector could post "some risks" to the American financial system, pointing to the recent concerns surrounding Evergrande, while the Chinese government has shown little interest in bailing it out.Currently, there is a proposal given by the authorities that even just 1% of it, the future tax payments will be equivalent to 20-40%of a property's value today, given the standard 70 years terms of property rights in China. More importantly, the current property market price is lower than before, will it cause additional pressure that is too much on the sector?
Living with home truths. 24 November 2021. South China Morning Post.