Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector … process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real … estate investment in China though a low-probability event would be sizable, with large spillovers to a number of China …

In recent years China has experienced two forms of extreme macroeconomic imbalance: an expenditure imbalance in the …; risk of capital loss on the foreign exchange holdings; and the threat of retaliation by China's trading partners. A …