There’s ‘no chance’ China’s property market rebounds to what it was, researcher says

Economy There’s ‘no chance’ China’s property market rebounds to what it was, researcher says 2024-02-08T14:19:16Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word “in”. LinkedIn Link icon An image of a chain link. It symobilizes a website link url. Copy Link Save Article Icon A bookmark Save Read in app Angle down icon An icon in the shape of an angle pointing down. An Evergrande Real Estate community in China’s Jiangsu province. Costfoto/NurPhoto/Getty Images

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There’s “no chance” China’s property sector rebounds, a researcher from the Eurasia Group told Bloomberg. China’s real estate sector was once 25% to 30% of the country’s GDP, and “there’s not really any sector that can fill in that gap.” Sluggish Chinese imports from Western nations are only a part of what’s behind the economy’s weakness. Advertisement <div data-bi-ad="" id="gpt-post-economy-desktop_in_post_ad-desktop-fluid-1"

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