In conversation with José Antonio Montenegro at GloboEconomy, Jorge Amato, head of investment strategy for Latin America Citi Private Bank, says that the "adjustment we are seeing in the real estate business in China was inevitable".
Amato explained that the sector in that country represents 25% of its economy and that its reduction will have a more general impact.
GloboEconomy airs on Saturdays at 7 PM and Sundays at 12:30 PM, Miami time.
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