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June 7, 2022, Opinion: "May brought sobering news for China’s economy. Investment spending represents close to half of China’s GDP, and is elevated by the real estate sector, which some scholars suggest drives nearly a third of economic activity. Reports of a 47 per cent fall in property sales and a 44 per cent drop in new construction projects are ominous for the 2022 growth prospects of an economy heavily reliant on such investments."
M-RCBG HKS Affiliate - Richard Yarrow