Illustration: Stephen Case
Illustration: Stephen Case
William R. Rhodes
Opinion

Opinion

William R. Rhodes and Stuart P.M. Mackintosh

Avoiding the pain of China’s housing crisis risks infecting the wider economy

  • The growing housing crisis threatens to spread like previous financial contagions and damage economies across the globe
  • Policymakers need to let poor performers suffer the consequences of bad bets while looking after solvent banks and enacting land and property reforms

Illustration: Stephen Case
Illustration: Stephen Case
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