Pursuits
China Averts a Hard Landing With a Credit-Powered Trampoline
- Property and investment helped to boost first-quarter growth
- Investors look for officials to use breathing space for reform
China’s Property Sector Helps Spur Economy
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So much for the hard landing scenario.
Chinese leaders appear to have stabilized their $10 trillion-plus economy by relying on a tried and true playbook: unleash a torrent of credit to power a borrowing surge and spending splurge.