China’s property slump is far from bottoming. But Beijing is prioritizing tech growth

Key Points

Chinese policymakers will likely focus more on tech development than real estate as tensions with the U.S. escalate.
“The government believes the property market is bottoming,” said Zhu Ning, author of “China’s Guaranteed Bubble.”
But he believes “it is a gradual process and may take more time before reaching the bottom.”

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