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Opinion: The government has been too relaxed about letting property prices rise and now faces a widely distorted real estate market

1 month ago
Sky Canaves
The first step, as with any addiction, is for Chinese leaders to admit there's a problem and formally move away from the implicit asset-price growth target," writes Christopher Balding.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.