Hiroshi Wanatabe, Japan's former top currency diplomat, recalls how Chinese policymakers eagerly studied ways to avert a Japan-style burst of an asset bubble that led to prolonged deflation and economic stagnation - until around 2015.
China’s property sector is uniquely situated right now because demand in tier 1/2 cities is still high, but smaller cities aren’t seeing the same demand.
China’s property sector is uniquely situated right now because demand in tier 1/2 cities is still high, but smaller cities aren’t seeing the same demand.