![]() |
Evergrande is ‘just the beginning’: More firms must exit China’s property sector - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: International News (https://forums.ipoh.com.my/forum-13.html) +---- Forum: Business, Economy and Investment (https://forums.ipoh.com.my/forum-56.html) +---- Thread: Evergrande is ‘just the beginning’: More firms must exit China’s property sector (/thread-3588.html) |
Evergrande is ‘just the beginning’: More firms must exit China’s property sector - superadmin - 10-21-2021 Evergrande is ‘just the beginning’: Professor says more firms must exit China’s property sector
![]() China’s real estate sector has to be “substantially smaller” to keep the overall economy healthy and stable, said a top expert on the Chinese housing market.
“We have too big of a risk in the sector. We built too much housing, so the stabilization first has to come [from] trimming the sector,” Li Gan, an economics professor at Texas A&M University, told CNBC’s “Street Signs Asia” on Wednesday.Gan estimated that about 20% of China’s housing stock is vacant as buyers rack up second and third properties as investments. Even then, developers continue to build millions of new units each year, he said. - More -
|