Goldman Sachs Predicts China Needs US$2.1 Trillion to Overturn Housing Crisis

Monday, 15 April 2024, 11:30
Goldman Sachs estimates that China needs more than 15 trillion yuan (US$2.1 trillion) to address the ongoing housing crisis. Despite existing rescue efforts, the market downturn remains severe, highlighting the urgent need for more substantial interventions to revive the property sector.
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Goldman Sachs Predicts China Needs US$2.1 Trillion to Overturn Housing Crisis

China Property Crisis: Goldman Sachs Analysis

Goldman Sachs estimates that China needs more than 15 trillion yuan (US$2.1 trillion) to overturn a three-year housing crisis, highlighting the severity of the situation. Despite rescue efforts, the market downturn could still worsen, indicating the need for immediate and effective solutions.

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