China’s property downturn is weighing on the whole economy, as the real estate sector and related industries account for about one third of GDP. Photo: AFP
China’s property downturn is weighing on the whole economy, as the real estate sector and related industries account for about one third of GDP. Photo: AFP
China GDP

China’s property market slump and weak demand highlight fragile economic recovery

  • China’s economy faces weak demand and fallout from a property market downturn at home
  • Relying on infrastructure investment alone is not enough to bolster the economy, some analysts say

China’s property downturn is weighing on the whole economy, as the real estate sector and related industries account for about one third of GDP. Photo: AFP
China’s property downturn is weighing on the whole economy, as the real estate sector and related industries account for about one third of GDP. Photo: AFP
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