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China’s Housing Market Slump Becomes a Real Issue

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
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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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