Chinese economist Ren Zeping recently wrote that China’s current real estate situation is more depressed than in 2008, the worst in the past 20 years. He pointed out that the era of growing real estate in China has basically ended. With the aging of the population and low birth rate, 70% of cities will have a surplus of housing to varying degrees in the future. The real estate industry has entered the stage of stock reshuffling. Only 10% of real estate enterprises can survive in the end. #ChinaRealEstate#C
