China's economic growth model is close to its limits
A 'great pause' now seems probable
A residential block under construction in Nanning, pictured on Nov. 15: China's property and construction sectors have become extremely large by comparison with the overall economy.
Andrew Hunt is CEO of Hunt Economics and former adviser to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.
The well-documented problems at some of China's largest property developers are merely symptoms of the deeper structural challenges the country now faces.
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