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What does China’s property collapse mean for its future?

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11 months ago

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China has long used its property sector as a wealth building tool. Now the shakiness of the sector casts doubts over the country’s future.

 
Even after signs of recovery earlier this year, China’s massive property sector is still struggling to turn around.

Following a crackdown on debt levels in August 2020, Beijing has eased its pressure on real estate developers in the last year. Moody’s estimates that the property sector accounts for more than a quarter of China’s economy.

This is amid lingering concerns over the future of one of the country’s largest property developers, Evergrande Group.

The Chinese government decided roughly four years ago to modernise its economy, said Andrew Sullivan, founder and writer at Asian Market Sense, by moving capital out of the property sector and moving it into high-value manufacturing, he added.

However, it is facing hurdles on the path to achieving that.

“China is also being hamstrung by the fact the Americans won’t let the most recent technology go into China,” Sullivan said.

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The integral step to entering the property market

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24 hours ago

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May 20, 2024

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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LA real estate agent reveals the secret to success

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1 day ago

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May 20, 2024

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What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

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Why the meme-stock frenzy is unlikely to repeat

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7 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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