Aerial photo shows a Evergrande Real Estate community in Huai 'an city, East China's Jiangsu province, Oct 1, 2023.
An Evergrande Real Estate community in China's Jiangsu province.
  • There's "no chance" China's property sector rebounds, a researcher from the Eurasia Group told Bloomberg.
  • China's real estate sector was once 25% to 30% of the country's GDP, and "there's not really any sector that can fill in that gap."
  • Sluggish Chinese imports from Western nations are only a part of what's behind the economy's weakness.

Back in 2021, China's real estate sector went topsy-turvy — and according to one researcher, it's never going to go back to its halcyon days.