Unsustainable surges in real estate prices and local debts in China suggest there is trouble ahead. Photo: ReutersUnsustainable surges in real estate prices and local debts in China suggest there is trouble ahead. Photo: Reuters
Unsustainable surges in real estate prices and local debts in China suggest there is trouble ahead. Photo: Reuters

China's bloated economy needs a dose of reality

Hans Black and Olivia Gong urge leaders to deflate its asset bubble

Unsustainable surges in real estate prices and local debts in China suggest there is trouble ahead. Photo: ReutersUnsustainable surges in real estate prices and local debts in China suggest there is trouble ahead. Photo: Reuters
Unsustainable surges in real estate prices and local debts in China suggest there is trouble ahead. Photo: Reuters
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