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News from the global economy: China is intervening to avert a greater danger

I’m Malcolm Scott, senior business editor in Sydney. Today we look at the Chinese government’s increasing efforts to slow the struggling real estate sector. Send us feedback and tips to [email protected] or contact us on X (formerly known as Twitter) via @economics. And if you haven’t signed up for the newsletter yet, you can do so here.

(Note: Economics Daily will be on hiatus November 23-24.)

China’s leadership appears to have concluded that there is a greater threat out there than the moral hazard created by bailing out struggling developers: a systemic collapse that drags the economy down with it.

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