Dec 07, 2016 05:15 PM

China's Financial Risks are Really About Land Prices

The recent sixth plenum of China's top party leadership concluded that "China will focus on combating asset bubbles and preventing economic and financial risk." This statement reflects widespread worries about two possible bubbles — a debt bubble and a property market bubble. Actually, the two are related, and the common factor is the surge in land prices over the past decade.

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