The Chinese construction sector is set to suffer further setbacks in the coming months as embattled developers struggle to stay afloat amid receding demand for new properties and a decline in real estate investments. Analysts are warning that a potential collapse could have repercussions on the wider financial sector.
China’s real estate market is the largest in the world by total value. According to a study by research company Savills, China’s properties are worth $42.7tn or 21% of the global total. However, the sector is poised to suffer over the next few years due to shrinking demand.
