π¨π³ Beijing lets the trade surplus do the talking while courts finally clear out dead property firms
The day in view
π¨π³ Beijing lets the trade surplus do the talking while courts finally clear out dead property firms
PPI rose 3.8% year-on-year in August, and the trade surplus topped $100bn for a fourth straight month. But courts and the securities regulator just made a bigger move: letting insolvent property developers fail instead of propping them up.