China's Massive Cleanup Operation: Tackling Property and Local Government Challenges

In a bold move to stabilize its struggling economy, China is ramping up efforts to clean up the disarray in its property market and local government finances. Following years of rapid construction growth that spiraled into inefficiency and excess, the Chinese government has recognized the urgent need for an overhaul. This process is not only about addressing financial turmoil but also about restoring trust among investors and averting a potential economic crisis.

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