{"id":22265,"date":"2019-11-23T13:07:24","date_gmt":"2019-11-23T00:07:24","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=22265"},"modified":"2019-11-23T13:07:24","modified_gmt":"2019-11-23T00:07:24","slug":"forget-the-trade-war-beijings-worst-nightmare-is-a-property-market-collapse-japan-style-international","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/forget-the-trade-war-beijings-worst-nightmare-is-a-property-market-collapse-japan-style-international\/","title":{"rendered":"Forget the trade war. Beijing’s worst nightmare is a property market collapse, Japan-style | INTERNATIONAL"},"content":{"rendered":"

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PHOTO:\u00a0Construction workers in Chongqing, China, on March 22. The fate of China\u2019s economic war with the US depends less on the trade deals negotiated and more on whether China can prevent a property market collapse. Photo: AFP<\/strong><\/p>\n

China\u2019s biggest economic risk in 2020 comes from its efforts to deflate the real estate bubble, which is closer to collapse than any point since 2003. Failure to find a soft landing may spell the end of China\u2019s economic dream<\/p>\n

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\u201cThe only force that can defeat China is from within. No exterior force can.\u201d On October 2 this year, the Communist Party\u2019s leading journal of political theory,\u00a0Qiushi<\/em>, published in full a 2018 speech\u00a0<\/span><\/a>by President Xi Jinping, highlighting in stark language China\u2019s coming challenges as the People\u2019s Republic enters its 71st year.\u00a0Indeed, in 2020, China\u2019s primary economic risk is most likely to come not from the trade war, but from its inflated property market.<\/span><\/div>\n<\/div>\n
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READ MORE VIA SCMP\u00a0<\/a><\/p>\n