China’s Property Bust Compounds Economic Pain | article by Cao Li, Rebecca Feng - Upcarta

China’s Property Bust Compounds Economic Pain

Article
Jan 19, 2023
#China #RealEstate

Rebecca Feng

Read on www.wsj.com

The country’s housing market flipped from being a growth driver to an economic drag in 2022, and the prognosis for this year isn’t much better.

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Michael Pettis @michaelxpettis · Jan 20, 2023

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1/3 Good article. Among other things it cites Liu He as saying: "If not handled properly, risks in the housing sector are likely to cause systemic risks. That’s why we intervened promptly and decisively." via @WSJ