Chinese President Xi Jinping applauds at the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China March 5, 2026. REUTERS/Florence…
HONG KONG, March 10 (Reuters Breakingviews) – President Xi Jinping’s crackdown cut real estate debt by 17%, crushed speculation and lowered systemic risk. Five years on, though, house prices continue to fall and the distortions that fed the bubble still exist. The issue may drag down growth for years to come.
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Editing by Una Galani and Liam Proud; Production by Aditya Srivastsav
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