China’s Economy Is Burdened by Years of Excess. Here’s How Bad It Really Is.
wsj.com
China’s Economy Is Burdened by Years of Excess. Here’s How Bad It Really Is.
Overindebtedness, overbuilding and overcapacity are causing problems at home and abroad.
Jan 1, 2025
Shorts
Over the years, China built faster than real demand grew. The result? Tens of millions of empty apartments, ghost cities, and a real estate sector that weighs down the entire economy. Prices are falling, developers are going bankrupt, and China’s population is starting to shrink. This is not an isolated incident — it’s one of the biggest structural problems facing modern China. #China #RealEstate #Economy
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WATCH: Ning Zhang of UBS Investment Bank says China’s growth is slowing down “but with huge divergence.”
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