If the leaks and rumors are true, Beijing stands ready to launch a new and radical solution to the economy’s property crisis – a government takeover. What the authorities refer to as “a new model” would replace the old emphasis on ownership with more rentals and use government funds to buy up bankrupt properties so that in time the government’s role in real estate would rise from 5% of the market at present to 30%. Such an act would surely take the nation back to its communist roots if not quite the days of Mao Zedong. If it would veil the property crisis for a time, it would in the long run do tremendous damage to China’s economic prospects.
This is journalism? With these writing standards you may as well hire a sixteen year-old for $7.25 an hour.
I could do better and I hate writing
Fun fact: a lot of these articles actually are done for free or even the author pays the website/publisher. The telltale sign - as is the case here - is when the author works in a profession where they need to generate business (like investment managers) and especially when they have a book to sell. The author here almost certainly wrote this so he gets exposure as an “investment guru”.