CNA's three-part series exploring the changes since China's housing crisis
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Financial outlook for 2023
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Financial outlook for 2023
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China's real estate industry grew at lightning speed from the late 1990s and was a major driver of the country's turbocharged economic expansion. But with growth slowing and debts swelling, authorities cut off access to easy loans in 2020, creating a bigger crisis for embattled property developers. How has the crisis in the property sector -- one of the most important pillars of the nation's economy -- affected the lives of people in China? | AFP News Agency
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FacebookAFP News Agency
As China’s property crisis grows, is the global economy at risk?
As China’s property crisis grows, is the global economy at risk?
Aug 30, 2022
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Let's look at the developments in China's property market crisis. Chinese leaders believe lowering home inventories would halt the country's unparalleled property collapse. Rahesha Sehgal brings you this report Watch more: https://www.wionews.com/videos | WION
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China’s Housing Market Crash Intensifies
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China Is Facing Housing Market Disaster
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