• Richard Yarrow


June 30, 2022. Opinion: "May 2022 brought sobering news for China’s economy, with particularly dramatic numbers on capital investments. Investment spending represents an unusually large share of China’s economy—over 40% of China’s gross domestic product (GDP) versus 20% in the United States—in part thanks to a real estate sector which, some scholars suggest, underlies nearly a third of economic activity.1 May’s reports of a 47% fall in property sales and a 44% fall in new construction projects are ominous for the 2022 growth prospects of an economy heavily reliant on such investments."

HKS M-RCBG Affiliate - Richard Yarrow