Luxury Supertowers Are Going Even Higher
Bloomberg Businessweek
00:00
Is China So Important in the Global Economy?
Andy Cevallos: China's real estate sector is a huge part of its economy. He says if the government tries to rein it in, there will be 'a huge amount of turbulence' The Chinese have one of the highest home ownership ratios in the world and consumption is low compared to other countries. "If they're goingto clamp down on such an engine for growth, where does the growth come from?" he asks.
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