It is interesting that CCP is standing by as this crisis in the property sector unfolds slowly over the last 2 years while watching real estate and property development, one of its biggest engines of domestic growth stall at a time of a slowing economy.
Tear down empty buildings, which reduces the housing supply which will increase the demand, and at the same time expand nearby commercial and nonresidential districts to provide more economic growth, as well as adding parks and recreational spaces, and outdoor activities that are popular in Chinese culture, and maybe an inner city bike path with protection from traffic to add liveliness into the area. Just a thought, curious what others think
It is interesting that CCP is standing by as this crisis in the property sector unfolds slowly over the last 2 years while watching real estate and property development, one of its biggest engines of domestic growth stall at a time of a slowing economy.
I am curious to hear your proposal, what action do you think they should take to shore their market up?
Tear down empty buildings, which reduces the housing supply which will increase the demand, and at the same time expand nearby commercial and nonresidential districts to provide more economic growth, as well as adding parks and recreational spaces, and outdoor activities that are popular in Chinese culture, and maybe an inner city bike path with protection from traffic to add liveliness into the area. Just a thought, curious what others think