China's Response to the Global Financial Crisis and its Impact on the Property Market

This chapter explores China's response to the global financial crisis in 2008 and its subsequent impact on the country's property market. It discusses the roll-out of an economic stimulus package, the rise of shadow banking institutions, and the implementation of regulations to control the property boom. It also delves into the current issues in China's property market, such as major property developers' defaults and the concerns surrounding the industry.