2min chapter

Market Depth cover image

Is It Too Late For China's New Stimulus Measures?

Market Depth

CHAPTER

The Importance of Property Development in China

Property and its sub-sectors account for about a quarter of china's GDP. Local governments are basically on their own when it comes to their respective like public finances Right, they don't get much support from the central government itself. They're also under Specific guidelines of how they can generate revenue Um, and one thing that they cannot really do is like take kind of excessive balance sheet risk right?

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