China’s Property Curbs Send Economic Tremors - Capital Economics

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China’s Property Curbs Send Economic Tremors

15 September, 2021Wall Street Journal

Policy tightening is the immediate problem for Chinese developers, but the underlying issue is that they have borrowed too much over the last decade to expand, said Mark Williams, chief Asia economist at London-based research house Capital Economics.

“Regulators are trying to deal with the amount of leverage among developers, and there is no pain-free way to do that,” said Mr. Williams.

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