中国经济放缓与房地产萧条相关联,威胁到3-5年的复苏。 China's economic slowdown linked to real estate slump threatens recovery in 3-5 years.

中国经济放缓与房地产萧条有关, 影响地方政府税收与土地销售收入, China's economic slowdown is linked to a real estate slump affecting local government revenues from taxes and land sales. 分析家预测,财政恢复可能需要三至五年时间,因为财产价值下降和土地购买减少已严重影响收入,导致债务水平上升。 Analysts predict it may take three to five years for finances to recover, as falling property values and reduced land purchases have significantly impacted revenue, leading to rising debt levels. 将政策从投资转向消费驱动的增长的努力受到稳定债务的紧迫性的阻碍。 Efforts to shift policy from investment to consumption-driven growth are hindered by the urgency to stabilize debt. 这种情况破坏了商业信心和总体经济增长。 The situation has damaged business confidence and overall economic growth.