Posted 12/19/2023, 2:16:00 AM
Report Warns China Property Bubble Burst Could Halve GDP Growth, Threatening 2035 Target
- Chinese real estate bubble bursting could trigger financial crisis and limit GDP growth to 1%
- This would threaten China's goal to double GDP by 2035
- Japan Center for Economic Research released report projecting GDP growth for 18 Asia-Pacific countries
- Report includes annual updates based on latest policies and economic conditions
- Financial crisis triggered by property debt crisis would have far-reaching effects on China's economy