China’s Real Estate Collapse Threatens Regime’s Financial Stability: Expert Warns

‘The collapse of the financial system closely linked to the bursting of the real estate bubble is imminent,’ economist Li Hengqing said. Two years into China’s real estate crisis, a larger-scale financial crisis is looming in the communist state. China’s vice premier, He Lifeng, recently warned that the country must prevent systemic financial sector risks. U.S.-based Chinese economist Li Hengqing told The Epoch Times that the Chinese Communist Party’s (CCP) leadership is anxious since the severity of the economic situation has far surpassed the so-called systemic financial risks. “It is...