BEIJING -- If the Chinese real estate bubble bursts and triggers a financial crisis, the nation's economic growth will be stuck at around 1%, jeopardizing its goal of doubling gross domestic product by 2035, the Japan Center for Economic Research says in a new report.
Economy
China real estate crash would threaten goal of doubling GDP: report
Beijing's response to property debt crisis will have far-reaching effects
A Chinese financial crisis triggered by a real estate bubble burst would throw a wrench into President Xi Jinping's goal of doubling China's gross domestic product, the Japan Center for Economic Research says. © Reuters
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