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China’s Real Estate Crisis ‘Has Not Touched Bottom’

Por: The New York Times Business January 30, 2024

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The unwavering belief of Chinese home buyers that real estate was a propelled the country’s property sector to become the backbone of its economy.But over the last two years, as firms crumbled under the weight of massive debts and sales of new homes plunged, Chinese consumers have demonstrated an equally unshakable belief: Real estate has become a losing investment.This sharp loss of faith in property, the main store of wealth for many Chinese... + full article



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