# project company system

China Says Delivery Crisis Over as Beijing Pushes Shift to ‘Sell What You Build’ Model

Beijing says the acute ‘delivery difficulty’ that left millions of buyers waiting for homes has largely been resolved after a multi‑year, centrally coordinated campaign. Policy now shifts from finishing projects to institutional reforms — ring‑fenced project companies, lead‑bank financing and a push toward sales of completed homes — reshaping the sector’s business model and growth trajectory.