China Economy

[tsptalk]

China’s Third-Quarter Economic Growth Slows Sharply to 4.9%

Power shortages and supply-chain problems added to the impact from Beijing’s efforts to rein in the real estate and technology sectors

https://www.wsj.com/articles/china-...5zsdb6ns9xf&reflink=desktopwebshare_permalink

 

[Bullitt]

Hopefully the Evergrande problem will reduce commodity hoarding by China and bring down prices globally.

 

[tsptalk]

In Tackling China’s Real-Estate Bubble, Xi Jinping Faces Resistance to Property-Tax Plan

Chinese President Xi Jinping has made no secret of his desire to deflate China’s property bubble. But according to people with knowledge of government deliberations, he is facing resistance over a measure aimed at curbing housing speculation: a nationwide property tax.

After negative feedback from within the party, an initial proposal to test a property tax in some 30 cities has been significantly scaled down

https://www.wsj.com/articles/in-tac...m6t4pfewogc&reflink=desktopwebshare_permalink