Experts: Plenty of drive in country's economy

Housing sector seen returning on steady track amid nation's urbanization

Chinese scholars visiting Tokyo shared their views on the current state and future trajectory of China's economy, refuting claims from some countries that it has peaked and is facing "overcapacity".

During a lecture held by the Chinese embassy in Japan on Wednesday, Chen Weidong, director of the Research Institute of Bank of China, told the audience that based on the current situation, there is still significant growth potential in China's real estate market.

Currently, the per capita housing area in China is 25 square meters. As urbanization progresses and the average housing area per person expands — alongside rigid housing demand from fresh college graduates each year — it is estimated that China will need around 1 billion square meters of new housing annually until 2035, Chen said.