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
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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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