Beijing must let unsalvageable builders fail and, crucially, avoid saddling banks with bad loans. Short-term ache is preferable to infecting finance and making a deeper, longer economic downturn. In the ever-growing concern over market concentration, the Magnificent Seven mega-cap development shares elevate comparisons to the dot-com bubble.

• Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month besides December and January.
• Jakarta counts on personal buyers to increase MRT, LRT The city administration wants investors to develop three tasks value Rp eighty four.6 trillion (US$5.93 billion).
• Mabel Chu served as deputy chief executive