China should draw on American experience to better understand the strains the property downturn and falling home prices are placing on households and compile more data on household balance sheets to aid policymaking, according to a new study.The way the United States had tackled recent recessions – from the bursting of the dotcom bubble in the 2000s to the subprime mortgage crisis in 2007-08, and the Covid-19 pandemic just over a decade later – would be a good reference for China to improve...