Complicating matters further is the government’s lack of options for stabilizing property markets. In fact, a key part of the problem is that China’s response to cyclical weakness always entails more housing construction.
让事情更加复杂的是政府缺少稳定房地产市场的选择方案。事实上，问题的关键在于中国应对周期性疲软的办法永远是增加住房建设。