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...

More Economy

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025
S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025