China’s property crisis hasn’t gone away: it is getting worse | Curio
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China’s property crisis hasn’t gone away: it is getting worse

5 mins | Sep 21, 2022
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Officials may have little choice but to bail out the industry. The Chinese housing market is slumping, dragging down the economy and even causing outbreaks of social unrest. The Economist argues that this is another example of President Xi Jinping botching the big calls, along with zero covid and a purge of tech firms.
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