What does China have to lose from a real estate crash?
A lot.
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This is part of an ongoing series about developments in China’s real estate market. Previous installments in the series:
China’s real estate trilemma (subscribers only)
Hexapodia XXVII: Evergrande (podcast with Brad DeLong)
Why China's Evergrande Crisis Could Be Worse Than the U.S. Crash (Bloomberg Opinion)
Chinese real estate is still in the news, as the E…