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China's $1.3 Trillion Housing Crackdown Leaves Few Winners.

  • Periodical
  •; 12/28/2022, pN.PAG-N.PAG, 1p
  • In fact, Beijing may prefer a steady price decline to a sudden crash that could wreak havoc on the financial sector and spark an even deeper crisis, says Orlik, author of China: The Bubble That Never Pops. From construction material suppliers to lunch box providers, thousands of small companies are feeling the pinch from the record housing slump. (Bloomberg Businessweek) -- China's housing affordability problem is so entrenched that the massive crackdown on the once-frothy real estate sector has made little difference for residents such as Qian, a teacher in the high-tech center of Shenzhen. [Extracted from the article]
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