China's property industry is too big to fail
Автор: Livewire Markets
Загружено: 2021-12-12
Просмотров: 1207
Описание:
It is no accident that Chinese mega property developer Evergrande is struggling to stay ahead of its creditors and nor is it alone — it is all part of the central government's plan to cool down the speculators and rebalance the economy.
President Xi Jinping's crackdown on reckless borrowing in real estate has triggered a liquidity crisis for developers in a deliberate signal that the era of rampant profiteering in the housing market is over.
It is clear that the Chinese property market is the target of broader state reforms.
Weakness in this sector was set off by deliberate market intervention targeting speculation and the inefficient allocation of capital resources.
Read on: https://www.livewiremarkets.com/wires...
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