China’s entire population of 1.4 billion is not enough to fill all the vacant apartments in the country. About this agency Reuters said He Keng, former deputy head of China’s statistics department.
This is how he interpreted the crisis in the real estate market. “How many vacant houses are there right now? “Experts give different figures, the most radical ones talk about the number of housing units for 3 billion people,” He Keng said at a forum in Dongguan. According to him, this estimate is too high, but it seems unlikely that 1.4 billion Chinese people will fill all the empty apartments.
Let us remind you that the Chinese real estate market has been in crisis since 2021, when developer Evergrande went bankrupt. At the end of August, unsold housing area in China reached 648 million square meters. metre.
The publication notes that the former official’s criticism contradicts officials’ official statements regarding the stability of the Chinese economy.
At the end of August, securities of China Evergrande, one of China’s largest developers, began trading after a year and a half hiatus. collapsed 87% of the time.
Previously Chinese economists prohibited talk about the problems.
Source: Gazeta
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