Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector’s extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like in...
Xiaoyuan Luo is a Masters student in International Relations at New York University. Her studies concentrate on the Asia Pacific and U.S.-China relations. Before coming to the U.S., she received a B....