Beijing can rewrite China’s property rules, but it can’t undo the damage
Financial markets are notoriously prone to mistaking a fundamental institutional shift for a temporary liquidity crisis.
The futurist Roy Amara is often credited with the observation that people tend to overestimate the short-term effect of a transformation while underestimating its long-term impact. China’s real-estat...
via South China Morning Post
Financial markets are notoriously prone to mistaking a fundamental institutional shift for a temporary liquidity crisis.
The futurist Roy Amara is often credited with the observation that people tend to overestimate the short-term effect of a transformation while underestimating its long-term impact. China’s real-estat...
via South China Morning Post
