Fixing China’s real estate sector
[ad_1] Project Syndicate – In the two decades since China’s State Council officially classified the real estate sector as a “pillar industry,” the sector has undergone rapid development, propelling gross domestic product growth and inspiring in millions of Chinese the dream of owning their own home.But the sector is now plagued by problems, from high prices to massive debts, and threatens to undermine growth at a time when China can […]