chinese housing market

China’s Real-Estate Crisis: An Economic Perfect Storm

Antonio Graceffo

Year after year, China’s real-estate sector has been considered the best place for Chinese people to invest. As a result, housing prices have continually risen, until they reached price levels only attainable by combining intergenerational wealth. In a country with a one-child policy, it has become necessary for four grandparents and two parents to pool their money, to purchase a home for their only descendant.

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