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China's Ex-Finance Minister Warns of Ongoing Property Slump

11/15/2025

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Summary

Story summary

Lou Jiwei, former finance minister of China, warned the property market slump has not bottomed and hampers growth.
He urged expansionary fiscal and monetary policies plus structural reforms to address ongoing sector challenges.
He said real estate is unlikely to pose systemic risks, but the downturn dampens consumption.
Lou called for reforms to the presale and hukou systems to expand public services for rural migrants and reduce disparities.

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Story summary

Lou Jiwei, former finance minister of China, warned the property market slump has not bottomed and hampers growth.
He urged expansionary fiscal and monetary policies plus structural reforms to address ongoing sector challenges.
He said real estate is unlikely to pose systemic risks, but the downturn dampens consumption.
Lou called for reforms to the presale and hukou systems to expand public services for rural migrants and reduce disparities.