Measures introduced by authorities to stabilize China's struggling property sector have so far failed improve it, experts told Newsweek.
The Chinese government's efforts to stabilize its struggling property sector have failed and the industry's problems are likely to continue putting downward pressure on the country's economy, experts have told Newsweek.
' He added that GDP in China had become too dependent on this, and that from this point of view it makes sense to diversify the economy away from real estate.But there's another explanation behind the desire to refocus the Chinese economy away from the property sector—and it has a lot to do with geopolitics, the experts said.
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