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.
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.