{"id":4733,"date":"2022-12-11T00:46:24","date_gmt":"2022-12-11T07:46:24","guid":{"rendered":"https:\/\/weno.duckdns.org\/four-decades-of-rapid-growth-driven-by-the-real-estate-sector-crashes-to-an-end-in-china\/2022\/12\/11\/"},"modified":"2023-01-05T17:35:59","modified_gmt":"2023-01-06T00:35:59","slug":"four-decades-of-rapid-growth-driven-by-the-real-estate-sector-crashes-to-an-end-in-china","status":"publish","type":"post","link":"https:\/\/i-craft.duckdns.org\/?p=4733","title":{"rendered":"&#8216;Four decades of rapid growth driven by the real estate sector crashes to an end in China&#8217;"},"content":{"rendered":"<blockquote><p>For four decades, real estate development accounted for one-third of China\u2019s gross national product (GNP) growth rate. Over the past 15 years, the construction boom, driven by the expansion of cheap credit, caused housing prices to double on average. By 2019, investor euphoria was at its peak. Real estate\u2019s share of household wealth was now at 70%. The illusion of wealth created by the continuous rise in housing prices encouraged investors to take more risks. Investments became speculative in a market where over 20% of new homes were empty.<br \/>\n\u2014 Read on <a href=\"https:\/\/www.lemonde.fr\/en\/opinion\/article\/2022\/12\/10\/four-decades-of-rapid-growth-driven-by-the-real-estate-sector-crashes-to-an-end-in-china_6007248_23.html\">www.lemonde.fr\/en\/opinion\/article\/2022\/12\/10\/four-decades-of-rapid-growth-driven-by-the-real-estate-sector-crashes-to-an-end-in-china_6007248_23.html<\/a><\/p><\/blockquote>\n<p>\u56db\u5341\u5e74\u6765\uff0c\u623f\u5730\u4ea7\u5f00\u53d1\u5360\u4e2d\u56fd\u56fd\u6c11\u751f\u4ea7\u603b\u503c (GNP) \u589e\u957f\u7387\u7684\u4e09\u5206\u4e4b\u4e00\u3002 \u5728\u8fc7\u53bb\u7684 15 \u5e74\u91cc\uff0c\u5728\u5ec9\u4ef7\u4fe1\u8d37\u6269\u5f20\u7684\u63a8\u52a8\u4e0b\uff0c\u5efa\u7b51\u70ed\u6f6e\u5bfc\u81f4\u623f\u4ef7\u5e73\u5747\u7ffb\u4e86\u4e00\u756a\u3002 \u5230 2019 \u5e74\uff0c\u6295\u8d44\u8005\u7684\u72c2\u70ed\u60c5\u7eea\u8fbe\u5230\u9876\u5cf0\u3002 \u623f\u5730\u4ea7\u5728\u5bb6\u5ead\u8d22\u5bcc\u4e2d\u7684\u4efd\u989d\u73b0\u5728\u8fbe\u5230\u4e86 70%\u3002 \u623f\u4ef7\u6301\u7eed\u4e0a\u6da8\u9020\u6210\u7684\u8d22\u5bcc\u5e7b\u89c9\u9f13\u52b1\u6295\u8d44\u8005\u627f\u62c5\u66f4\u591a\u98ce\u9669\u3002 \u5728\u8d85\u8fc7 20% \u7684\u65b0\u623f\u7a7a\u7f6e\u7684\u5e02\u573a\u4e0a\uff0c\u6295\u8d44\u53d8\u5f97\u5177\u6709\u6295\u673a\u6027\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For four decades, real estate development accounted for one-third of China\u2019s gross national product (GNP) growth rate. Over the past 15 years, the construction boom, driven by the expansion of cheap credit, caused housing prices to double on average. By 2019, investor euphoria was at its peak. Real estate\u2019s share of household wealth was now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[118,102,115],"tags":[97,214,95,215],"class_list":["post-4733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ccp","category-china-economy","category-china-politics","tag-china-economic","tag-china_economic_bubble","tag-communist","tag-criisis"],"jetpack_featured_media_url":"https:\/\/i-craft.duckdns.org\/wp-content\/uploads\/2022\/12\/24C3C538-5354-432F-85BC-350F1D62F592.jpeg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pheeCO-1el","_links":{"self":[{"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=\/wp\/v2\/posts\/4733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4733"}],"version-history":[{"count":0,"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=\/wp\/v2\/posts\/4733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=\/wp\/v2\/media\/5147"}],"wp:attachment":[{"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/i-craft.duckdns.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}