He Ying had little choice on the home front, as it were. In uncertain economic times, she and her husband delayed plans to buy a flat in Guangzhou this year. Between China’s deflated property market and an unexpected reduction in the 36-year-old human resource manager’s household income, it was an info
China’s financial system is one step away from a full-blown crisis. Unless radical action is taken to stem contagion through the shadow banks and halt the contractionary slide in demand, China risks tipping into a classic liquidity trap.