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Tag Archives: real estate crisis

China’s economy at risk on accelerating impact of real estate crisis

Mohamed Abdelhamid Daily Economic Reports, Economic Report, Forex Market, Market Update

Land sales and personal budget cuts are being greatly impacted by the real estate crisis in China, which has reduced retail sales, investment, exports, and industry output. After three years, the government’s “zero covid” initiatives have not generated the promised roar but rather a whimper. Two-thirds of personal wealth and …

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