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The destruction of China's never-ending property boom
Real estate has been the engine of the Chinese economy for decades, but the boom is over. And crisis is deliberate, brought on by Beijing's strategy to dismantle their model of debt fuelled development. Now the Chinese economy is in trouble and consumer confidence is plummeting.
So how did their lucrative property sector turn into a liability?
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Real estate has been the engine of the Chinese economy for decades, but the boom is over. And crisis is deliberate, brought on by Beijing's strategy to dismantle their model of debt fuelled development. Now the Chinese economy is in trouble and consumer confidence is plummeting.
So how did their lucrative property sector turn into a liability?
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