Can the economy recover without a rebound in property?

When the global financial crisis hit, a surge in real estate investment helped China’s economy escape the slump. The government in Beijing is trying to engineer a recovery from the current downturn while keeping its controls on the sector intact. But the disappointing impact of steps taken so far prompts the question of whether a strong recovery is even possible without a rebound in property investment.

This Update is adapted from an article published in today’s China Daily newspaper.