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Loong: China's targeted approach is not working

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The latest flash PMI from China suggests manufacturing picked up slightly, but there are still deep concerns about the massive Chinese property market - with prices slipping for four months in a row. The government is now urging banks to ease mortgage lending rules, because property and the associated debt – form the foundations of the world’s second largest economy.

Pauline says "What businesses need is a shot of confidence – a firm belief that the government will do whatever is needed to arrest the slide in the economy. Offering a bucket of cheap money here and a bucket of cheap money there is not going to help. It is too late for tinkering." 

With more and more investors at risk from exposure to China, Pauline explains what she thinks the government in Beijing should be doing to avert a broader crisis caused by the property market slump.