https://www.scmp.com/rss/514850/feed Shang Wen is a PhD student at the Sam Nunn School of International Affairs of Georgia Institute of Technology. His research focuses on foreign policy, China-related issues, and emerging and disruptive technologies. He is also a global research associate at CJPA Global Advisors, an international consulting and advisory company based in New York. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com As the US Congress debates the federal debt ceiling, the lingering effects of China’s property sector crisis remain in the spotlight. The property sector represents around 25 per cent of China’s total GDP, but this critical pillar of growth also requires surging amounts of debt. On January 3, an indebted Chinese local government financing vehicle (LGFV) in southwestern Guizhou province made international news when it announced it would delay repayment on loans worth 15.6 billion yuan (US$2.3... https://www.scmp.com/comment/opinion/article/3209398/chinas-debt-bubbles-and-property-sector-fatigue-are-driving-risk-economic-failure?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3209398/chinas-debt-bubbles-and-property-sector-fatigue-are-driving-risk-economic-failure?utm_source=rss_feed Thu, 09 Feb 2023 07:45:09 +0000