News Analysis
China’s prolonged economic slowdown is rippling across industries, but few sectors have been hit as hard as real estate, once a pillar of growth and now in contraction.
China’s Housing Slump Persists Despite State Media Claims of ‘Spring Bounce’
Data and industry accounts suggest a brief uptick in sales is fading, with demand weak and the sector still under strain.
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
