China Has Vast Room for Property Demand, Government Adviser Says
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Chinese households still have enormous demand for real estate and the industry remains a key driver of economic growth, according to a senior researcher with the nation’s top economic-planning agency.
“Chinese residents still have rather high rigid demand for housing as their income continues to improve,” said Wang Changlin, head of the China Academy of Macroeconomics, a research institute of the National Development and Reform Commission. “There is still rather vast room for demand in the real estate market.”