, Columnist
Don't Waste Time Crying for China's Developers
Beijing will loosen funding rules soon enough.
Too much of China’s economy is tied up in real estate.
Photographer: Moment RF/Getty Images
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Funding avenues for Chinese developers are being choked off, but don’t worry too much about the fate of these firms. Beijing’s regulatory tune will change soon enough and the taps will reopen.
Selling yuan bonds became a lot harder last year as the government acted to cool the housing market. Many real estate companies turned to short-tenor notes, which don’t require National Development and Reform Commission approval.