{"id":39609,"date":"2021-12-09T05:07:54","date_gmt":"2021-12-08T20:07:54","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2021\/dec\/08\/chinas-indebted-property-sector-highlights-a-fading-economic-revival"},"modified":"2021-12-09T05:07:54","modified_gmt":"2021-12-08T20:07:54","slug":"chinas-indebted-property-sector-highlights-a-fading-economic-revival","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=39609","title":{"rendered":"China\u2019s indebted property sector highlights a fading economic revival"},"content":{"rendered":"<p>Xi Jinping\u2019s mission is not only to control the housing bubble but rein in untethered industries and foreign capital<\/p>\n<p>China\u2019s economy has become heavily dependent on property development over the last decade. High-rise apartments have mushroomed across hundreds of cities to house a growing white-collar workforce, while glass and steel office blocks are dominating city centres, mimicking Shanghai\u2019s glittering skyline.<\/p>\n<p>Valued at more than $50tn after 20 years of rapid growth, Chinese real estate is worth twice as much as the US property market and four times China\u2019s annual income.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2021\/dec\/08\/chinas-indebted-property-sector-highlights-a-fading-economic-revival\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Xi Jinping\u2019s mission is not only to control the housing bubble but rein in untethered industries and foreign capitalChina\u2019s economy has become heavily dependent on property development over the last decade. High-rise apartments have mushroomed across h&#8230;<\/p>\n","protected":false},"author":1004,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[808,41,6,50,1924,437,2370,1219,600,58,42],"tags":[],"class_list":["post-39609","post","type-post","status-publish","format-standard","hentry","category-alibaba","category-asia-pacific","category-business","category-china","category-commercial-property","category-economics","category-evergrande","category-real-estate","category-stock-markets","category-technology","category-world-news"],"aioseo_notices":[],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/39609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/1004"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39609"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/39609\/revisions"}],"predecessor-version":[{"id":39610,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/39609\/revisions\/39610"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}