Economists already think China’s latest plan to end its property crisis is too little, too late – again. Yet the creative thinking behind it – essentially, a state-backed apartment-buying spree – is generating hope that Xi Jinping’s team could be on the verge of a breakthrough to tame deflationary risks. The package announced Friday includes […]
A first glimmer of hope for China property
Latest rescue package isn’t nearly big enough to solve ginormous problem but some believe Beijing is finally taking the right approach
