New Construction in China Declines for 6th Month, Longest Downward Trend Since 2015

(CHINA OUT) An aerial view from a drone of the Evergrande City on September 24,2021 in Wuhan, Hubei Province, China. Evergrande, China's largest property developer, is facing a liquidity crisis with total debts of around $300 billion. The problems faced by the company could impact China’s economy, and the global economy at large. Getty Images

China’s new construction starts declined for a sixth consecutive month in September, marking the longest downward trend since the March–August 2015 downturn.

New construction starts in September fell 13.54 percent from the year prior, the third month of double-digit declines, according to Reuters calculations based on January–September data released by the National Bureau of Statistics on Oct. 18.