Housing Prices Halved, With Successive Foreclosures; China’s Economy May Take 10 Years to Recover
Housing Prices Halved, With Successive Foreclosures; China’s Economy May Take 10 Years to Recover
Udumbara
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Housing Prices Halved, With Successive Foreclosures; China’s Economy May Take 10 Years to Recover
From an unstable, debt-ridden real estate market to anti-business policies and demographic issues, a series of challenges indicate that the next decade for China will be fraught with difficulties. If no financial or demographic reforms are undertaken, economic growth over the next 10 years might hover around 3%.
