2023 China Real Estate Market and Economic Outlook
China's real estate market is facing new challenges, with concerns arising over the potential breaks in the capital chain and insolvencies of real estate giants, such as Country Garden and Evergrande Group. While China's overall economy is improving as normal travel resumes, the escalating real estate debt crisis is dragging down China's economic growth and prospects. At a business luncheon on 27 September, Le Xia, Chief Economist for Asia, BBVA Research, shared his views on China's economic outlook and the future opportunities and challenges for China's real estate development going forward.
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