China's housing slump is much worse than official data shows
New-home prices have slipped just 2.4% from a high in August 2021, government figures show, while those for existing homes have dropped 6%.
Stay updated with breaking news from Wang Lisheng. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
New-home prices have slipped just 2.4% from a high in August 2021, government figures show, while those for existing homes have dropped 6%.
Private data suggests home price declines of at least 15% in major Chinese cities, showing the true extent of the country's real estate crash.
Tuesday's surprise People's Bank of China (PBOC) interest rate cut signaled the depths of Beijing's concerns about the slowdown in Asia's biggest ec
There are multiple warnings -- the latest coming from Goldman Sachs -- that the June rally in Chinese real-estate developers may be getting ahead of reality on the ground....GS
A power crisis in China has affected the supply chains of American companies like Tesla and Apple. Many suppliers have suspended factory production in order