CCP MISMANAGEMENT on the wine for the Evergrande crisis, business experts say

CCP MISMANAGEMENT on the wine for the Evergrande crisis, business experts say

Quick summary:

1. For a number of years, the Chinese regulatory environment in fact enabled the booming of the real estate sector with a series of policy changes such as relaxed lending requirements for real estate developers, using the sector as a driving force to stimulate economic growth, especially after the 2008-2009 global recession, Yang said.

2. The current crisis in China's real estate sector started with the government's policy shifts and will end with the government's policy shifts, said Xiaohua Yang, a professor of international business and director of the China Business Studies Initiative at the University of San Francisco's School of Management

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