News Snapshot:
(Bloomberg) -- China’s crackdown on its real estate sector shows few signs of stopping as officials seek to reduce the risk of a U.S.-style financial crisis. The big questions now are what will the world’s largest property market look like at the end of this process -- and whether the Communist Party can avoid a hard landing of the economy. China watchers predict the days of home-price surges and debt-fueled building sprees by billionaire property tycoons are set to fade. They’ll be replaced by a much more staid market where authorities are quick to clamp down on speculative frenzies and...
