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Economy News Harry MillerBy Updated:

10 Charts That Show How China’s Property Crisis Is Spreading Across Economy

Three years ago, Chinese policymakers sought to engineer a gradual slowdown in the country’s debt-laden real estate sector to tame bubbly prices and snuff out financial risk.

What they got instead was a real estate meltdown that’s destroyed household wealth in the world’s second-largest economy, wrecked the offshore bond market and deprived local governments of much-needed revenue.

 

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Harry Miller is a writer and editor based in Toronto with 14 years of experience in the journalism industry. Before joining Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and as a breaking news reporter with the Toronto Star. At Canada News Media he covers national news and the trending stories Canadians are searching for. Miller holds two bachelor's degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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