This chapter provides an analysis of the current state of the real estate market in China and its potential worsening. It explores the influence of political decisions on the market's outcome and highlights the government's efforts to control local finances and shift investment towards high-tech industries.
As China transitions from an industry-based economy to a high-tech one the country also is dealing with a troubled real estate market. Asia Times columnist David Goldman provides valuable insights regarding China's trade impact and its future role in the global economy. Get the facts first on Morning Wire.