China’s property market recovered quickly from the pandemic, fueling fears of a property bubble. Photo: Reuters
China GDP
China GDP: how will economic growth be hit by Beijing’s new caps on real estate lending?
- The Chinese government has taken a series of steps to rein in runaway growth in the real estate sector over fears of systemic risk
- But the moves are unlikely to severely affect the wider economy, provided exports and consumption pick up the slack, economists say
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China GDP
China’s property market recovered quickly from the pandemic, fueling fears of a property bubble. Photo: Reuters