A building binge is under way in China as the government strives to revive sluggish real estate investment. Properties under construction will double the supply of commercial space to 10.7 million square meters (115.2 million square feet) this year, and will lift the vacancy rate nationwide to 21.5 percent from 13.8 percent in 2015, according to Cushman & Wakefield Inc.
This post was published at David Stockmans Contra Corner by Bloomberg Business ‘ May 23, 2016.
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