5min chapter

"Econ 102" with Noah Smith and Erik Torenberg cover image

China’s Housing Bubble, Healthcare Crisis, and Taiwan Relations

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

The Slowdown in China's Real Estate Industry

China's economy has been slowing down for quite a while. The pandemic sort of distorted this for a couple years, and that now we're starting to see this overall pattern reassert itself. A much bigger piece of the Chinese economy is actually just real estate. China doesn't really have mechanisms in place for government consumption.

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