This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
The aerial view shows residential buildings under construction by Chinese real estate developer Vanke in Hangzhou, in eastern Zhejiang Province, China, on March 15, 2024. STR/AFP via Getty Images
China’s official data showed on June 16 that new home prices fell in major Chinese cities in May, continuing a two-year-long trend of stagnation in its property sector.
The ongoing housing slowdown is occurring at a time when a trade war with the United States is impacting China’s factory output.
