Is China relying on SOEs to tackle the real estate bubble and local government debt?

China’s economy faces threats from its real estate bubble and the related local government debt. After the Party Congress, Beijing seems ready to address these financial problems. The CCP‘s solution is tied to China’s State-Owned-Enterprises (SOEs) strategy, aka the “one industry, one enterprise“ economic blueprint.

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Chinese References:

https://www.rfa.org/mandarin/yataibaodao/jingmao/gt2-10252022025821.html

https://www.yicai.com/news/101571807.html

http://www.gov.cn/xinwen/2022-10/25/content_5721263.htm

https://finance.eastmoney.com/a/202210212535483479.html

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