The Large Hole Left by Chinese Real Estate: Part One
What could really pick up the slack in growing the Chinese economy
Despite its shrinking scale and influence, the Chinese “real estate economy” is still the size of a Japan (USD 4 trillion) and assuming just a 5% decline annually, China would be losing USD 200 billion in GDP each year.
What will fill this void left by real estate? That’s a key question for China today. The ultimate answer is not consumption nor invest…
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