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

20230918N China construction

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

IORI KAWATE, Nikkei staff writer

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.

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