China Goes Cold Turkey on Property

Beijing has decided it wants a German economy: lots of high-tech manufacturing and exports, high savings—and definitely no American-sized housing bubbles.

But China has long been a property-centric economy. Weak economic data for August released Wednesday show just how complicated any transition away from real estate could be, as Beijing continues to mercilessly squeeze property developers.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top