China’s Foreign-Exchange Regulator Dips Into Stocks. Subprime Housing Risks Raise Red Flags in China

China’s Foreign-Exchange Regulator Dips Into Stocks B8 Subprime Housing Risks Raise Red Flags in China A2 China’s efforts to tackle a glut of vacant housing by spurring home lending have triggered a bigger problem: A surge in risky subprime-style loans that is generating alarm.