House of cards

The Chinese housing market is starting to look like a house of cards. What was a booming business for years, is now starting to show cracks. The housing market represents a large part of the GDP, making it a driver of the economy. Many households depend on it and everything surrounding it. At present, the housing market is having a negative impact on economic growth, which has already been lagging behind due to the zero-covid policy, or should I say: the zero-covid mess. (..)

Click here to read Cok Harteveld’s column in Floribusiness magazine.

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