This column was previously published in L’Express on 24th february 2022 As the collapse of the giant developer threatens to spread to the whole of the real estate sector, Beijing is banking more than ever on the export industry moving upmarket, to the detriment of the service sector. The worst thing about the Omicron variant is that it is highly contagious, and China is finding out that the same goes for real estate crises. The collapse of the giant developer Evergrande — which even a command economy…