Triple Whammy Hitting Property Market, Investment Banker Says
(Beijing) – An investment banker has blamed the recent slowdown in China's property market on the triple whammy of a graying population, high prices and oversupply – and he says urbanization won't ride to the rescue.
The comments by Ha Jiming, Goldman Sachs vice chairman for China, come amid debate over whether the property market has reached a tipping point after years of soaring prices.
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