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Many financial analysts predicted that the real estate industry now threatened to turn into a bust following the crackdown on reckless lending and the

Many financial analysts predicted that the real estate industry now threatened to turn into a bust following the crackdown on "reckless" lending and the on-going lockdown to curb Covid-19 cases. Critically examine this view and discuss this statement based on significance of forecasting in the context of China's real estate industry.

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