Besides, volume can eventually make up for thin margins. Huang is also optimistic. I was shocked. I thought it would take 10 years. The critical questions are whether people have assets and whether they have salaries which allow them to repay their loans.
Local officials have to cope with a balancing act.
There will be regional variations in how fast they can go. In other words, forget housing as an engine of growth this year or next. But when communism's last economic icon does go, China will never be the same. All Rights Reserved. Terms under which this service is provided to you.