Thursday, March 28, 2019
China's property market.
China’s property market accounts for some 15% of the country’s GDP, closer to 30% if related industries are included. It also plays a significant role in local government revenues, bank loans and corporate investments. Property investment is also the most significant channel of investment for urban households. Declining housing prices have a huge impact at both the country level and the household level, and can cause social unrest.