Banks hold enormous amounts of real estate debt, and regulators are nervous. But a fast-moving crisis is unlikely because the government has extensive control of the system.
Tag: Liu He (1952- )
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Balloon Incident Highlights Fragile State of U.S.-China Relationship
Recent efforts by Beijing to mend ties with Washington were showing progress, but the balloon’s appearance over the United States illustrates lingering mistrust and growing tensions.
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China Returns to Davos With Clear Message: We’re Open for Business
Emerging from coronavirus lockdown to a world changed by the war in Ukraine, China sought to convey reassurance about its economic health.
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China Sets Aside Push to Spread Wealth in Pivotal Year for Xi
Xi Jinping’s rhetoric about redistributing wealth was aimed partly at drumming up public support. But it unnerved entrepreneurs and posed a drag on growth.