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China can no longer rely on real estate for growth. It’s now turning to railways and more debt

  • In the past, the Chinese government looked to real estate to stimulate growth.
  • But now, Beijing is trying to stop the risks of high housing prices from spilling over into the rest of the economy.
  • That leaves authorities with the option of infrastructure spending, which will add even more debt to an already leveraged system.

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China Plans Trade Offers for U.S. Envoys on High-Stakes Trip

30/04/2018, 6:49 AM

Beijing is likely to suggest buying more American goods, but chances of a quick resolution of tensions are slim

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