China’s property market meltdown exceeds expectation. Time to rethink reforms and innovation?

The market for Chinese developers’ dollar-denominated bonds has seen a meltdown over the past two years, losing 87% of its value. The rout has wiped out USD135.5 billion of value from USD154.9 billion of outstanding notes, as per Debtwire. This has sparked calls for a fresh approach to stimulating the property market including government-funded construction of affordable housing.

from Economy-Prime-Economic Times