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Cracks in China’s housing market have been widening since some of the nation’s major developers collapsed, pushed by the government’s “three red lines” policy to define borrowing thresholds. Over the past year, there have been unprecedented plunges in home sales and price figures. Heading into 2023, will the real estate sector recover with the central government’s recent efforts? Helen Qiao, chief Greater China Economist and head of Asia Economics at BofA Securities, and Winnie Wu, China equity strategist at BofA Securities, discuss how Beijing’s latest “three arrows” policies, including bank loans, bonds and direct equity financing, could help ease the stress on the property sector. In an interview with the Post’s Pearl Liu, they also explore how the policies will impact China’s overall economy.
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