Lessons for China as a city's housing market hits the floor

The steep decline in housing prices in the Chinese city of Wenzhou could be a bellwether for the challenges that China will face as it tries to transform its low-end manufacturing sector.

Sharply falling real estate prices in the coastal city of Wenzhou in recent years represent another blow to the city's once-legendary local private economy. The city was hit hard by declining competitiveness in manufacturing and a wave of defaults on loan guarantee mechanisms starting in 2011, a process that forced many local businesses into bankruptcy. 

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles