What happens when Beijing’s housing bubble bursts?

What happens when Beijing’s housing bubble bursts?
Evergrande owes more than $US300 billion. (Image: Deposit Photos)
Australian Financial Review
You just have to look at the stunning collapse in the iron ore price to realise how nervous investors have become about the outlook for China.Of course, the ostensible reason for the steep slide in the iron ore price is Beijing’s move to impose production cuts on the country’s steel industry due to environmental concerns.But Beijing is simultaneously trying to take some heat out of the torrid property market by forcing debt-addicted property developers to deleverage. This, of course, will translate into a slowdown in the country&rsq...

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