In the third quarter of 2023, the value of real estate housing mortgages in China was over 40 trillion yuan. Within two years, the value had increased by around six trillion yuan. Despite being aware of the risks entailed in an inflated market, Chinese policymakers found it difficult to reign in the real estate market. The industry made up a large share of China's economy.
China: quarterly value of real estate housing mortgages 2023 | Statista (2024)
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