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Beijing’s efforts to save the property sector and economy are not working; Xi reshuffles vice ministerial-level officials

     SinoInsight  1      Property sector crisis  April 21 Sheng Songcheng, the former director of the People’s Bank of China’s Investigation and Statistics Department and the dean of the China Chief Economist Forum Research Institute, published an analysis article titled, “Recommendation to Appropriately Delay the Deleveraging Cycle of the Real Estate Industry” (建議適當延⻓房地產行業去槓桿週期). Sheng wrote …

Read moreBeijing’s efforts to save the property sector and economy are not working; Xi reshuffles vice ministerial-level officials

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