A Make-or-Break Moment for China’s Real Estate Sector

China’s real-estate landscape is once again confronting a crucial moment, with policymakers balancing the need to steady the market against the risk of fueling speculation. As investors and homebuyers wait for decisive measures, the spotlight has fallen on a major developer whose financial stresses have drawn local government intervention. The outcome will not only shape the company’s fate, but also serve as a broader barometer of Beijing’s willingness to step in—and how aggressively—in order to maintain stability and confidence in the sector.