There's "no chance" China's property sector rebounds, a researcher from the Eurasia Group told Bloomberg.
China's real estate sector was once 25% to 30% of the country's GDP, and "there's not really any sector that can fill in that gap."
AdvertisementBack in 2021, China's real estate sector went topsy-turvy — and according to one researcher, it's never going to go back to its halcyon days.
"The property market contributes about 10% of China's GDP," Anna Ashton from the Eurasia Group told Bloomberg.
"There's not really any sector that can fill in that gap, and there's no chance of the property market rebounding to what it was before."
Persons:
—, turvy, it's, Anna Ashton, There's, there's
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