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.