Xi Reshapes China Property Market Paving Way for State Dominance
(Bloomberg) — For any government, overhauling a nationwide residential real estate market would be risky under the best of circumstances. Chinese President Xi Jinping is attempting it at a time when the economy is slowing, omicron is threatening his zero-Covid policy and relations with the outside world are increasingly fraught.
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As that perilous combination takes a growing toll on Chinese financial markets, one question keeps popping up: What is Xi’s endgame?