The property market is in freefall. Should the world be worried?
Sep 02, 2022
3 minutes
Keyu Jin
The property sector in the Chinese economy has always been a puzzle. At its peak, it accounted for a quarter of the nation’s economic output, broadly measured. And it sees people in Beijing and Shanghai paying house prices similar to those in San Francisco and New York, despite having just a quarter the income of US buyers.
Now many believe we are about to see a violent contraction of the property
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