Construction workers assembling scaffolding on a housing complex in Beijing on August 15, 2017. Photo: AFP Construction workers assembling scaffolding on a housing complex in Beijing on August 15, 2017. Photo: AFP
Construction workers assembling scaffolding on a housing complex in Beijing on August 15, 2017. Photo: AFP

Is China at its ‘Volcker Moment’ as real estate curbs spiral out of control? More economists are joining the chorus in saying yes

  • China’s property developers defaulted on US$6.2 billion worth of high-yield debt through mid-August, according to Morgan Stanley

Topic |   Dealing with debt
Construction workers assembling scaffolding on a housing complex in Beijing on August 15, 2017. Photo: AFP Construction workers assembling scaffolding on a housing complex in Beijing on August 15, 2017. Photo: AFP
Construction workers assembling scaffolding on a housing complex in Beijing on August 15, 2017. Photo: AFP
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