China’s Real Estate Crisis: Economic Impact and Government Support Measures
2023-12-05 08:59:00 By Le Figaro with AFP Published 5 minutes ago, Updated now Chinese President Xi Jinping. CARLOS BARRIA / REUTERS Real estate has long represented a quarter of China’s gross domestic product (GDP) and supports thousands of businesses and low-skilled employees. The rating agency Moody’s lowered Tuesday by “stable” has “negative» the prospect of … Read more