The Chinese government is eager to prevent a collapse of the property market from spilling over into systemic risk. Photo: Reuters
China slaps new curbs on developers to tame runaway home prices by hitting them where they hurt most: bank loans
- Beijing’s new rules limiting property bank loans are likely to hit Chinese developers hard and weigh on the momentum of a major economic growth engine this year, say analysts
- The new policies may let some air out of the speculative bubbles that have defied the central bank’s cooling measures since 2017
The Chinese government is eager to prevent a collapse of the property market from spilling over into systemic risk. Photo: Reuters
