Oversupply in Chinese real estate sector can never be filled, Chinese official admits.
Real estate investment trusts, popular in the United States, may become China’s latest attempt to stave off a contraction in the property sector.
China’s real estate bubble is looming with over 1 billion square meters (10.7 billion square feet) of unused housing, according to Zhu Min, deputy managing director at the International Monetary Fund said this April at a meeting in Washington, D.C.