China’s consumption levels are completely stalled from a construction market in chaos. Consequently, it is going to take until sometime next year for a recovery to occur. Overall consumer sentiment in China is at a 12-month low as there continue to be lingering concerns over the future of the Chinese construction market. This has been not only a key driver of the economy (up to 24% of GDP but now closer to 19%), but a key driver in the wealth of Chinese citizens. With the construction industry awash in massive debts and no clear path ahead, this ...
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