China's real estate woes: Hit to middle-class households
Edited By WION Video Desk
Published: Dec 19, 2023, 03:55 IST | Updated: Dec 19, 2023, 03:55 IST
According to a recent research by the Japan Center for Economic Research, China's objective of doubling its gross domestic product by 2035 is in jeopardy if the country's real estate bubble explodes and causes a financial crisis. The country's economic growth would be stuck at about 1%.
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