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.
Property
China can't simply let crisis-hit developers fail: economic adviser
Yin Yanlin cites lack of alternatives to real estate's contribution to GDP
The real estate sector "contributes nearly a third of gross domestic product," says Yin Yanlin, a senior economic advisor for the Chinese government. © Reuters
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