BEIJING -- China's struggling real estate companies "can't be allowed to fail lightly," a senior economic member of China's top political advisory body said, underscoring concern about a potentially tumultuous economic hard landing.
Yin Yanlin, vice chairman of the economics committee of the Chinese People's Political Consultative Conference, discussed the real estate woes while speaking to media outlets including Nikkei on Wednesday. The body is meeting in Beijing alongside the National People's Congress.
