Season 1 · Episode 3
China’s property debt crisis: How it could hurt New Zealand and Australia
Markets with Madison · NZ Herald Business
November 16, 202315m 23s
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Show Notes
Goldman Sachs researchers estimate China’s total property debt was 48 per cent of GDP at the end of last year, worth US$8.4 trillion. Their chief economist explains how it could cause a “significant negative income shock” for some New Zealanders.
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