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Little danger of a property-sector crash hurting China: ADB economist

No cause for alarm? Even if China was forced to bale out banks exposed to property sector debt, the cost is seen as just several percentage points of GDP.

[TOKYO} A WIDELY forecast correction in China's property markets would be unlikely to have a severe impact on the Chinese economy as a whole, recently appointed chief economist at the Asian Development Bank (ADB) Wei Shang-Jin said in Tokyo on Thursday.

An expert on China, Shanghai-born