China’s Property Crash Spreads: 70 Million Jobless As Entire Industries Collapse

Name: China’s Property Crash Spreads: 70 Million Jobless As Entire Industries Collapse
Uploaded: 2026-08-03T08:55:16.699Z
Duration: 20 min 11 s
Channel: Global Finance News
Description: #finance #financement China’s real estate industry supports more than 50 related sectors, including steel, cement, home appliances, furniture, building materials, renovation, finance, and logistics. At its peak, real estate and construction made up a significant part of the economy. In 2024, they accounted for about 13% of GDP combined and supported more than 70 million jobs.

Global Finance News

4 Video Views·Aug 3, 2026 #finance #financement

#finance
#financement

China’s real estate industry supports more than 50 related sectors, including steel, cement, home appliances, furniture, building materials, renovation, finance, and logistics. At its peak, real estate and construction made up a significant part of the economy. In 2024, they accounted for about 13% of GDP combined and supported more than 70 million jobs.