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: Shanghai (China)
-
China’s Economic Outlook: Pep Talks Up Top, Gloom on the Ground
Beijing has characterized concerns about the economic slowdown as being inflated by Western critics. Widespread anxiety and pessimism paint a different picture.
-
She Rose From Poverty as China Prospered. Then It Made Her Poor Again.
Sun Junli is one of many small-business owners, the backbone of China’s economy, who lost everything to a change in government policy.
-
Official Data Hinted at China’s Hidden Covid Toll. Then it Vanished.
Epidemiologists say a rise in cremations in an eastern province was the latest indication that the country’s official death toll from Covid is a vast undercount.