Part 7/8:
Experts suggested the problem lies not only in overbuilding but also in demographic shifts, projecting a significant decline in population over the next decades. As such, the existing surplus of housing units represents a growing ticking time bomb for the economy, seemingly unfixable without major policy shifts or demographic changes.
Conclusion
2024 has been a year of immense challenges for China, culminating in a complex landscape of economic struggles that will likely extend into 2025. Whether it's the dire need for consumer and investor confidence or the ongoing turmoil within the property market, the road ahead remains fraught with difficulties.