Bad news, Beijing: Real-estate booms like the one in China nearly always end with a major banking crisis

• China's trying to manage its property crisis so the sector's troubles don't spill over.
• However, history shows that credit-fueled real-estate booms nearly always end with a major banking crisis, said an analyst.
• Real estate was a key driver of China's economy that has been struggling to recover post-pandemic.

China's trying to manage its real-estate crisis so that its troubles don't spill over to the rest of the economy, which has been struggling to recover post-pandemic.

However, history doesn't appear to be on its side.