Beijing. China’s economic engines are spluttering as they seek thrust to emerge from a stall. The property sector is mired in debt. Empty apartment blocks, about 65 million units, dot the landscape. They represent just over 20 percent of homes in urban China. They seem to taunt the many millions in the country who desperately need better housing. The World Bank estimates that More
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This content originally appeared on CounterPunch.org and was authored by Tom Clifford.
Tom Clifford | Radio Free (2021-12-10T09:50:49+00:00) China’s Sputtering Economy. Retrieved from https://www.radiofree.org/2021/12/10/chinas-sputtering-economy-2/
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