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And other analysts say that, should a property crisis occur, the Chinese government probably has the resources to bail the sector out. But as a middle income country with a per capita gross national income of only $11,850 in 2013 in purchasing power parity terms, China could put its financial resources to much better use doing something else such asexpanding medical care or funding an insolvent pension fund system. Bailing out the property sector would diminish the government’s ability to spur growth later, perhaps resulting in a “lost decade” like that of Japan..

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