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Beijing Finally Wakes Up

Started by Epoch-Times-Bot, Nov 29, 2022, 11:00 AM

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Epoch-Times-Bot

Nov 29, 2022, 11:00 AM
Beijing Finally Wakes Up

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After more than a year of delay, equivocation, and finger-pointing, Beijing seems to have awakened to its economy's needs. The authorities have moved to enhance the liquidity of real estate developers. As this column has pointed out for months, this is something the authorities should have done more than a year ago when Evergrande first announced that it could not meet its obligations.
Long overdue, this latest effort by Beijing may be too little too late. Unlike action a year or so ago, action today must deal not only with the problems of developers, but also the damage to wealth and confidence that has emerged in the interim, as well as the ill effects of China's draconian COVID-19 lockdowns....

Source: Beijing Finally Wakes Up

xenzol

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Aug 19, 2024, 01:16 PM
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