As we had anticipated last week, the People’s Bank of China (PBOC) has begun taking actions to stabilize the property sector. On September 27, the PBOC sent a public message that it wants to ensure “the property sector’s healthy development,” marking the first time
With China’s upcoming Central Economic Work Conference (CEWC), markets will be looking for any pro-growth signals after a year of turbulence. But the…
For those looking for a bright spot in the Chinese economy, trade is the most obvious. China is on its way to a record trade surplus that is expected to…
Recent signs have reinforced the fact that Beijing is reluctant to bail out troubled property developers, a case I made previously. The July Politburo…
In our recent outlook, I estimated that the property sector’s correction will shave just 0.6 percentage points off of China’s headline growth. This…
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Dear readers, In this special issue, we are sharing my assessment of the long-term growth impact of China’s coming property correction. While it seems…
Given the intense focus on the Evergrande situation, this special issue of MP Econ provides a timely view of how I think the crisis will unfold. In the…
America’s Silicon Valley and China’s Silicon Delta share a serious problem: housing affordability. For San Francisco, the astronomical price of housing…
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