The Best of Chinese Commentators
Will the withdrawal of some SOEs damp property prices?
- Published 25 Mar 2010
Some 78 State-owned enterprises have been told to exit the property market once current projects are completed, but this may have little immediate impact on property prices.
On March 18, the State owned Assets Supervision and Administration Commission (SASAC) of the State Council required 78 state owned firms with no core business in real estate to withdraw from the Chinese property market after they complete their current projects. There will still be 16 state owned enterprises (SOEs) principally engaged in real estate in China. Scholars are arguing if the withdrawal of SOEs will curb property prices.
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