How Xi Can Surprise World With Big-Bang Moves at China Plenum
- Bloomberg Economics looks at options for ending housing crisis
- A Fed-level easing by PBOC may cut unsold housing stock by 70%
Xi Jinping
Photographer: Michele Spatari/BloombergThis article is for subscribers only.
China has the firepower to end its housing crisis at a high-stakes policy meeting, including with a “big-bang solution” that involves pumping money like the Federal Reserve. But it’s unlikely to pull the trigger.
That’s according to Bloomberg Economics, which said if the People’s Bank of China printed money on a scale similar to the Fed during the global financial crisis, it could finance the purchase of about 70% of the unsold property stock.