Commentary Over the last several years, the Chinese property market has seen ebbs and flows, but has mostly been on an upward trajectory carefully managed by Beijing. While that fueled the growth of China’s gross domestic product, it also created property asset bubbles, caused massive debt loads, and contributed to unhealthy wealth gaps. Beijing’s recent efforts to control property market risk set limits on how much developers can borrow but the stringent measures have sent its over-levered developers to the brink of insolvency. Recently, there are signs the Chinese Communist Party (CCP) is trying to walk back some of the policies. This illustrates the high-wire balancing act CCP regime boss Xi Jinping is currently juggling with China’s economy. A November report by the Shanghai Securities News found that bank financing of real estate purchases have basically returned to “normal” after slowing down for the first three quarters of 2021. It …