China bet it all on real estate. Now its economy is paying the price
New York Times: Beijing must make difficult choices about its housing market and economy.
Source: nzherald.co.nz
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China Bet It All on Real Estate. Now Its Economy Is Paying the Price
Before it defaulted, the developer China Evergrande was at the center of China’s economic boom. After relying on a borrow-to-build model for decades, Beijing…
Source: biztoc.com
China Bet It All on Real Estate. Now Its Economy Is Paying the Price.
After relying on a borrow-to-build model for decades, Beijing must make difficult choices about the country’s housing market and economic future.
Source: nytimes.com