China’s property-driven economic crisis is real but it’s not facing a ‘Lehman moment’
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
While the acute risks in China’s real estate sector should not be downplayed, their effect on global markets is prone to misinterpretation and exaggeration. Stability is the overriding priority in China’s state-controlled financial system, and more aggressive stimulus are available if needed.