IMF - International Monetary Fund
IMF - International Monetary Fund
12/02/2024 | Press release | Distributed by Public on 12/03/2024 11:12
China’s Real Estate Challenge
Table 1
SOURCE: Rogoff and Yang 2024b.
Real estate contribution
Real estate and infrastructure contribute a significant share to China's economy.
(real estate and infrastructure as a percent of GDP, including direct and indirect demand, in 2021)
| Direct value added (percent) | Total final demand (percent) | |
|---|---|---|
| Real estate construction | 4.9 | 16.5 |
| Real estate services | 6.8 | 5.0 |
| Imported component | n/a | 2.9 |
| Total real estate activity | 11.6 | 24.4 |
| Infrastructure construction | 2.1 | 7.3 |
| Real estate and infrastructure contribution to economy | 13.7 | 31.7 |