China's real estate crisis has helped punch a $37 billion hole in the balance sheet of one of the country's largest shadow banks

But be wary of a hard landing narrative, warns one economist, as the risk of contagion pushes Beijing to offer stronger support for real estate.

China's real estate crisis has helped punch a $37 billion hole in the balance sheet of one of the country's largest shadow banks
But be wary of a hard landing narrative, warns one economist, as the risk of contagion pushes Beijing to offer stronger support for real estate. Read More