China’s Real Estate Crisis Worsens as Sales Continue to Plummet
A commercial housing community is seen under construction in Nanjing, Jiangsu Province, China, on April 15, 2022.Costfoto/Future Publishing via Getty Images
China’s property sales remain sluggish despite China’s central bank enacting policies to stimulate the market.
According to China Real Estate Information Corp (CRIC), there is a consensus that the real estate sector is on a downward spiral and is truly heading for an era of negative growth.
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
