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Economists warn that Beijing’s harsh medicine for property sector and local government debt could cause chaos

Published Nov 09 2021 at 12:15 AM GMT
Key
Points
  • Beijing’s crackdown on the property sector and local government debt is likely to do more harm than good to provincial economies amid wider concerns about national growth, Chinese economists say.
  • Some domestic economists have called Beijing’s tighter policies too harsh and potentially self-defeating, which will likely leave provincial governments struggling to make ends meet, in a rare display of criticism of the central government ahead of the Chinese Communist Party’s key ‘sixth plenum’….




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  • Published Nov 9, 2021 12:15 AM GMT