The $60 Trillion Problem China Can’t Hide, Where Did 400 Million People Disappear?
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China’s real estate and related industries once accounted for nearly 30% of the overall economy at their peak. According to estimates by international institutions such as Goldman Sachs and the IMF, the total value of China’s real estate-related assets — including residential properties, land, and related financial assets — once approached $60 trillion, even exceeding the combined real estate markets of the U.S., the EU, and Japan.
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