TOKYO -- China is grappling with the aftermath of its bursting housing bubble. Given weak sales and an inventory build-up in the sector, it is now expected to take more than five years for the country to shed excess stock.
The world is bracing for a surge in exports of cheap building materials from China as the country continues to face a housing glut, which reached an equivalent of 50 million homes at the end of 2023.
Datawatch
Housing glut leaves China with excess homes for 150m people
Market hit by a double whammy of weak sales and population drop
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