Beijing’s crackdown on the property sector and local government debt is likely to do more harm than good to provincial economies amid wider concerns about national growth, Chinese economists say.Some domestic economists have called Beijing’s tighter policies too harsh and potentially self-defeating, which will likely leave provincial governments struggling to make ends meet, in a rare display of criticism of the central government ahead of the Chinese Communist Party’s key ‘sixth plenum’…
Source : South China Morning Post
Read more…Economists warn that Beijing’s harsh medicine for property sector and local government debt could cause chaos
