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Opinion

China’s Housing Market Slump Becomes a Real Issue

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China’s Housing Market Slump Becomes a Real Issue
A commercial housing community under construction in Nanjing, East China's Jiangsu Province on April 15, 2022. Costfoto/Future Publishing via Getty Images
Daniel Lacalle
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Commentary
A few months ago, I wrote that the Chinese slowdown was much more than COVID-19 related and pointed to the challenges coming from the excessive weight of the real estate sector in the economy.
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Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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