Chinese social media censored a top economist for his bearish predictions. He now warns that China's property crisis will take a decade to fix

(Credit: Graham Crouch—Bloomberg via Getty Images)

How long will it take to fix China’s flailing real estate sector? One of the country’s most prominent economists, who was ejected from its social media platforms for his bearish predictions about the economy, thinks it might take 10 years to fix.

“Fixing the property sector may be a multiyear or even a decade’s work in front of us,” Hong Hao, chief economist for Shanghai-based hedge fund Grow Investment, said on CNBC Tuesday.