In Conversation with GROW – Outlook for China’s Economy
Beyond Markets
00:00
The Supply and Demand Balance in the Property Sector
I agree with you that supply side may be less about income stream. I think the demand side is actually about income stream, but if you look at policies in the past, a lot of them are not demand side measures. So all this is telling you that this economy right now has an oversupply problem or supplies substantially larger than demand and therefore pricing power is weak and people are not consuming. That's my question number one. Question number two is what can you think of in terms of policies to rescue the demand expectation, make sure that it doesn't fall into a vicious cycle? Because frankly, I personally can't think of what? Yeah.
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