Li Daokui from Tsinghua University says property sales in China’s third and forth-tier cities will pick up in the next 6 to 12 months.
China’s property market is showing signs of bifucation: Former PBOC advisor
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Li Daokui debated Pettis about the Chinese economy for quite some years and Pettis have been right. Li Daokui claimed the consumers will overtake infrastructure spending and the real estate industry man years ago and still made that claim in year 2022. Listen to Michael Pettis if you want to understand about China economics. Michael Pettis, finance professor at Peking University for over 20 years, studied and researched China’s economy for over 20 years.