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Bad news, Beijing: Real-estate booms like the one in China nearly always end with a major banking crisis

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Jan. 10, 2024, 8:10 a.m. | Huileng Tan (htan@insider.com)

Business Insider www.businessinsider.com

"History shows that credit-fuelled real-estate booms do not end in a whimper," wrote Andrew Lawrence, the head of Asia property at GlobalData.TS Lombard.

andrew asia bad news banking banking crisis beijing china credit crisis economy globaldata head history major property real estate shows

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