China races to solve $148 billion property threat as leases end
China is addressing a significant challenge in its real estate sector, with over $148 billion in non-residential properties facing expiring leases that threaten investor confidence. The Shanghai local government has recently issued guidelines for lease renewals, aiming to clarify terms and costs, which could stabilize a market that has seen office values plummet by over 40% from peak levels. This move follows similar actions in Guangzhou and may help restore investor trust in the sector after years of policy uncertainty and declining property values.