China is on "a treadmill to hell," whose property market is a bubble that may burst by as early...
China is on "a treadmill to hell," whose property market is a bubble that may burst by as early as this year, Jim Chanos says. China needs to keep up the pace of property investment because up to 60% of its GDP relies on construction, he says. “They can’t afford to get off this heroin of property development. It is the only thing keeping the economic growth numbers growing."
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