The Astonishing Reorientation of the Chinese Economy
From Real Estate to Industrial Development Within Five Years
Jason Smith on Twitter
Throughout the 2010s China was experiencing a quite colossal residential real estate boom, including extremely bubbly price appreciation, which toward the end of the decade the Party-state was striving to deflate in a controlled manner. From the turning of the decade onwards, it has been very successfully deflated. The sheer scale …
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