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Academics at Michigan University argue that China’s property-sector woes may have causes beyond the overambition of developers and the government’s actions to limit the ballooning debt in the sector.
The default of Evergrande, one of China’s largest developers, set off a chain of defaults among developers, triggering the ongoing property market crisis in China.While analysts frequently attribute the crisis to China’s tax system, land finance, sta
The union-backed study comes amid extended fight over whether gig drivers are contractors or employees of ride-hailing giants, and what they should be owed.