In an address to the China Development Forum, Georgiaeva emphasised the importance of improving the property sector, reducing debt risks, and concentrating on domestic consumption. She said, “This additional growth would amount to a 20 per cent expansion of the real economy over the next 15 years. In today’s terms, that is like adding $3.5 trillion to the Chinese economy.”
She suggested that taking decisive measures to decrease the inventory of incomplete housing and allowing more room for market-driven adjustments in the property sector could expedite the resolution of current issues within the property market and enhance both consumer and investor trust.
