Avoiding the pain of China’s housing crisis risks infecting the wider economy

South China Morning Post  | Wed, Aug 17, 2022

by William R. Rhodes and Stuart P.M. Mackintosh


o The growing housing crisis threatens to spread like previous financial contagions and damage economies across the globe

o Policymakers need to let poor performers suffer the consequences of bad bets while looking after solvent banks and enacting land and property reforms

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