With the real estate industry accounting for roughly a quarter of China’s fixed asset investment and generating more than 10 per cent of the country’s employment, Beijing cannot afford a collapse in the housing sector, says Jing Ulrich, managing director and chairman of China equities at JPMorgan.
Now, after weeks of anticipation, China’s government has announced a series of measures aimed at stimulating affordable mass-market housing and improving the social safety net, Ms Ulrich says.
