Inflation Has China Running ScaredPete Engardio
After two years of double-digit growth, Beijing technocrats will have a hard time convincing real estate developer Zheng Yufeng that it's time for the Chinese economy to cool off. An executive at Shenzhen Huapeng Properties Co., Zheng also is a general in the Armed Police. Talk that Beijing will clamp down on bank lending to the red-hot property sector doesn't worry Zheng, who has government friends with access to cheap loans. Even Shenzhen's heavy traffic doesn't bother him. When cars start to slow Zheng down, he simply speeds his Mercedes 600 through a bicycle lane.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Bitcoin Soars Past $8,000 as Technology Shift Concern Vanishes
- Subways May Be the Latest Casualty of China's Crackdown on Debt