Blame for the property developer’s downfall has been placed on Chinese lending policies, but poor corporate oversight was hiding in plain sight.
Category: China Economy
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China Wants to Bulldoze ‘Urban Villages’ to Revive the Economy
The halting revitalization of one “urban village” in Shenzhen shows the challenges of fixing a national property crisis after years of overborrowing.
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The Rise and Fall of the U.S.-China Economic Partnership
China and the U.S. both gained from their economic integration. As they pull apart, each is finding it will be hard to fully replace the other.
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More Semiconductors, Less Housing: China’s New Economic Plan
Policymakers, wary of inciting reckless borrowing in real estate, are instead investing heavily in factories and trying to help indebted local governments.