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Property Slump Spreads to China Financial Sector
Bloomberg Businessweek
China's Property Market and the Challenges of Transitioning to Household Consumption
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The chapter explores the challenges China faces in shifting from an investment and debt-driven economic model to one driven by household consumption. It discusses the lack of confidence among households and companies, the power of the Chinese Communist Party, and the potential contagion effect on other countries. It also highlights concerns about China's deflation and its impact on the global economy.
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