PRC's Gao Says Softer Housing to Be a Drag on China GDP

The video discusses the trends in China's housing market, focusing on third-tier cities experiencing growth despite a slowdown in first and second-tier cities. It highlights government interventions, such as buying idle apartments, and their diminishing effects. The correlation between housing transactions and consumption growth is explored, with predictions of a softer GDP due to slowing housing transactions.

Discuss the relationship between housing transactions and investment growth in China.

What are the implications of a softer housing market on GDP growth in China?