Beijing has set a debt limit on property firms -> deleveraging -> land sales plummeting. Weekly sales down more than 40% in Sep v. July -> will spill over into the construction industry -> future price of steel rebar has fallen by 5%
@hzsong
macropolo.org/analysis/q4202… https://t.co/QkhvZxA6bP
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…