Posted inBeijingChinaShanghaiWorld

China renews home curbs and raises rates to compress bubbles

Policymakers in Beijing had a tough question to answer ahead of this year’s Golden Week holiday: Had China’s economy strengthened enough to withstand higher interest rates as well as a more restrictive stance toward the property sector, one of the most important drivers of growth? While the world’s second-biggest economy appears to have accelerated since August, it’s […]