China Property Sector to See Lots of Turmoil for Years: China Beige Book

The video discusses the challenges facing China's property market, including declining sales and prices, and the potential for a systemic crisis. It highlights the role of regulatory actions and the impact of a closed economy on capital outflows. The discussion also covers infrastructure development, economic stimulus, and the need for a disciplined deleveraging process to address debt issues and reshape the growth model.

How does the closed market affect the economic situation in China?

What implications does the property market crisis have on household wealth?

What are the potential long-term effects of the current property market turmoil?