Free Trial

China Should Abandon Real Estate-Driven Growth Model: Daily

CHINA PRESS

Real estate development has been used to drive growth over the last 20 years but China should stop using this growth model, the Economic Information Daily said in an editorial. As the impact of the pandemic accelerates the digital economy and reduces the advantages of older industries, China should regulate the property market according to specific locations and prevent a contagion of financial risks from real estate market volatilities, the Daily said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.