INSIDER – Xi Jinping ‘Playing Hardball’ in China

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Founder of the Switzer Report Peter Switzer says Xi Jinping is “playing hardball” as part of a crackdown on China’s real estate sector. Mr Switzer said the Chinese president was “basically saying companies cannot hold too much property”. “So, in many ways, they had to actually discount sales and start moving properties – which undermines the whole very nature of excessive debt. “Probably two years ago, you would have thought that China was a decent corporate citizen, but over the last two years, they’re really playing hardball. “Not even only locally in their own country, but internationally.”