Chinese economy in trouble amid construction, real estate industry disaster
2023-07-27
In 2007, Premier Wen Jiabao cautioned that “the biggest problem with China’s economy is that the growth is unstable, unbalanced, uncoordinated, and unsustainable”. He was referring to China’s penchant for over-investment, which was, in turn, driven by the unique Chinese urbanisation and its build-out of hundreds of millions of apartments.Continue Reading