China's property market woes fuel shift to wealth investments

Households may divest $18tn from housing into funds, equities by end of decade

ECHO WONG, Nikkei staff writer

HONG KONG -- Chinese households could shift some 127 trillion yuan ($18 trillion) into mutual funds and equities by 2030 as a property sector crisis shatters confidence in a bedrock investment, brokerage CLSA says.

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