The dry riverbed of the Jialing River, a tributary of the Yangtze, in southwestern China’s Chongqing Municipality. Chinese developers owed as much as U$5 trillion as of the second quarter of 2021, according to Japanese bank Nomura. Photo: AP
The dry riverbed of the Jialing River, a tributary of the Yangtze, in southwestern China’s Chongqing Municipality. Chinese developers owed as much as U$5 trillion as of the second quarter of 2021, according to Japanese bank Nomura. Photo: AP

Is China heading for stagnation as property slump goes Japan’s way in a deja vu crisis

  • The spectre of a real estate crisis blowing up to become a full economic crisis looms large in China, Natixis says
  • Beijing is likely to intervene to stabilise the financial market to prevent and avoid a property bubble such as that in Japan, National University of Singapore professor says

The dry riverbed of the Jialing River, a tributary of the Yangtze, in southwestern China’s Chongqing Municipality. Chinese developers owed as much as U$5 trillion as of the second quarter of 2021, according to Japanese bank Nomura. Photo: AP
The dry riverbed of the Jialing River, a tributary of the Yangtze, in southwestern China’s Chongqing Municipality. Chinese developers owed as much as U$5 trillion as of the second quarter of 2021, according to Japanese bank Nomura. Photo: AP
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