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China real estate will pull out of slump in 2024-25: economist

Economy needs 3 years, more fiscal spending to recover, think tank researcher says

A construction site in Tianjin for apartments by Country Garden, a Chinese developer whose debt problems have emerged recently.   © Reuters

BEIJING -- China's economy needs more time and much more fiscal support to recover from the COVID-19 pandemic, Chinese economist Zhang Yansheng said in an interview with Nikkei.

Debt-related rules for big real estate developers should also be relaxed, said Zhang, principal researcher at the China Center for International Economic Exchanges, a state-aligned think tank.

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