Tag Archives: deflating the property bubble

Andy Xie: Bursting of the Property Bubble is Good for China

Andy Xie says in his Caixin article that “Deflating the property bubble is the birth pain for a new economy. It must happen.” The quality of China’s GDP growth is rising with falling property prices. The economy is diverting resources away from wasteful bubble activities to productive ones. While growth is slowing, it reflects shrinking […]