Fresh doubts emerged over the reliability of Chinese statistics on Wednesday after officials said the economy grew 6.7%—for the third consecutive quarter. It was the first time since Beijing started releasing quarterly figures in 1992 that it had achieved such a feat of consistency, The Wall Street Journal reported. Economists say it is rare for a fast-growing economy to clock the same growth quarter after quarter.

China’s housing market is bubbling over. A boom in values in metropolises such as Beijing, Shanghai and their environs — up 25 per cent or higher over the past year alone, according to Savills China — has spread to smaller cities this year. In August, real estate prices in the southeastern coastal city of Xiamen were up 40 per cent over a 12-month period, the Financial Times reported. The even bigger surge in Gu’an highlighted one of the area’s unique selling points. Local developers have touted the county’s proximity to Beijing’s second international airport.

China’s economy is slowing. How bad can it get? China is widely expected to report on Wednesday that its economy grew about 6.7 percent in the third quarter from a year ago. That would match the growth pace China set in the first and second quarters of this year. In economics, stability like that is remarkable — and usually not to be believed, the International New York Times reported. Economists often look beyond the official numbers to find alternative ways to gauge the Chinese economy.

On Wednesday China’s National Bureau of Statistics will report its latest quarterly estimate for economic growth, which has stabilised after the world’s second-largest economy was rocked by a dual market and currency crisis in January. For Beijing, economic stability is paramount as it turns its focus to reining in runaway corporate debt levels, the Financial Times reported.

Seventeen years ago, Zhou Xiaochuan, then president of one of China’s oldest and largest banks, wrote an essay in an economics bimonthly magazine addressing the hottest policy topic of the day: a controversial new government program that let selected state-owned companies unwind loans they couldn’t repay with massive equity transfers to banks, The Wall Street Journal reported. In the 1999 essay, Mr. Zhou, who is now China’s central bank governor, laid out a clear-eyed critique of the dangers of debt-to-equity swaps. Beijing had already got the swaps underway by the time Mr.

China is in the midst of a dizzying housing bubble. Shanghai’s average housing price is up nearly one-third from a year ago, with prices in major cities like Beijing and Guangzhou not far behind. Chinese consumers are rushing to buy homes before the government steps in with restrictions, the International New York Times reported. When rumors swept through Shanghai that the government would require homeowners to pay more in taxes and down payments to buy additional properties, many couples filed for divorce so that one partner could still be treated as an independent buyer.

Sino-Europe are going to complete AC Milan’s takeover by the 15th of November and new CEO Marco Fassone will be flying to China where he will meet owners and new potential sponsors for the new club’s course. According to Sole 24 Ore, however, new owners are not going to intervene in the club’s € 220 million debt, but American investment banking will do it instead. Goldman Sachs will reportedly manage the shareholding reorganization of Milan.

A surge in overseas lending has left Chinese policy banks highly exposed to countries at risk of default, forcing a rethink that could reshape its engagement with developing economies. A Financial Times analysis shows that six of the 10 biggest recipients of Chinese development finance between 2013 and 2015 are considered to be most at risk of default using an Organisation for Economic Co-operation and Development measure. By contrast only two of the top 10 recipients of World Bank development loans between 2011 and 2015 were in the same risk category.

A typical big company is chock-full of bosses, from the basement mail room all the way up to the executive suite. Even at the top, those in charge sometimes have to answer to big investors pushing for change, the International New York Times reported. China has said it wants to make its bloated state-owned companies more like that: Hungry, results-oriented and responsive to shareholders. But this week, China’s top leader made clear to the chiefs of the country’s biggest companies that there is only one boss who matters.

China Construction Bank Corp., the nation’s second-largest lender, said it plans to raise 24 billion yuan ($3.6 billion) with Wuhan Iron & Steel Group for a fund that will help lower the unprofitable Chinese steelmaker’s debt levels, Bloomberg News reported. The two companies have already raised 12 billion yuan in the first stage of fundraising after reaching an agreement on Aug. 18, the Beijing-based lender said in a statement on its website on Tuesday. A representative for Wuhan Steel couldn’t immediately be reached for comment.