Impact of China's real estate recession, money outflow [China Economy Column]
2023-09-17 00:02:00
``The phase of China's real estate problem has changed.'' These are the words of an economist familiar with the Chinese economy. The real estate recession in China is now beginning to have a negative impact on the world's financial markets. The management of major real estate companies has deteriorated one after another. This has spread to local financial problems, and the outflow of money that the Chinese government had feared is occurring. (Naoto Shimomura, China General Bureau reporter)
