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Expert links realty and consumption By Wang Ying in Shanghai | China Daily | Updated: 2021-02-03 07:48 Share CLOSE Potential homebuyers look at a property model in Huaian, Jiangsu province. [Photo by Chen Liang/For China Daily] The property market is still a ballast for sustaining China s investment and economic growth as well as the Chinese people s well-being under the dual-circulation development scenario, an industry expert said. The nation is witnessing rapid urbanization, characterized by the new round of restructuring and development of city clusters. New industries and population are flocking to these clusters, thereby boosting the prospects of the real estate sector, said Yu Xiaofen, vice-president of the Zhejiang University of Technology.

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